Sri Lanka tea exports to Japan fall sharply
Nov 27, 2015 14:44 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka’s tea exports to Japan, considered a discerning market, have fallen sharply this year compared with last year, impacting mainly producers of high grown varieties, brokers said.
The slowdown in shipments to Japan comes amid an overall slump in tea exports owing to less demand from key markets like Russia and the Middle East.
“Of concern for the high grown tea producers is the reduced quantity exported to Japan,” Asia Siyaka Commodities said in a report on the latest export data.
Most regional tea plantations companies have been making losses because of lower prices and high costs.
Tea exports to Japan fell to 6.9 million kilos in the 10 months to October 2015 from 7.7 million kilos in the same 2014 period.
Japan imported 7.3 million kilos of Ceylon tea in 2013.
Asia Siyaka Commodities said that on a positive note exports to China have shot up 43 percent to six million kilos this year from 4.2 million kilos in 2014. (Colombo/November 27 2015)