Turkey buys more Sri Lankan tea for blending, re-export
Jan 25, 2018 16:26 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Turkey sharply increased imports of Sri Lankan tea in 2017 for blending and re-export, emerging as the top buyer of the island’s main export crop, Minister of Plantation Industries Naveen Dissanayake said.
Exports of Ceylon tea to Turkey rose almost 40% to 35.4 million kilos in 2017 from the previous year, he told a news conference.
“The main reason for the huge increase is that they are importing our tea for blending with theirs and re-export.”
Turkey now accounts for 13% of the market share for Sri Lanka’s tea exports.
Russia, for long the biggest buyer of Sri Lankan tea, fell to third place last year, behind Iraq, owing to affordability issues, given high prices of Ceylon tea and the weak rouble at the time, Tea Board Chairman Rohan Pethiyagoda said.
(COLOMBO, January 25, 2018)