Sri Lanka’s January tea export shipments up 13-pct

ECONOMYNEXT – Sri Lanka’s tea exports in January 2019 rose almost 13 percent or by 2.7 million kilos to 23.6 million kilos from a year ago, brokers said.

Tea bags and packeted tea have shown a growth during the period under review, while bulk tea exports decreased, Forbes & Walker Tea Brokers said.

Total tea export revenue rose 17.5 percent or by three billion rupees to 20.1 billion rupees during the period.

The broker said the FOB or free on board value of exports were up four per cent or 33.41 rupees to 852.14 rupees a kilo in January 2019 from the year before.

Among the major importers of Sri Lankan tea in January 2019, Iraq emerged as the largest importer followed by Russia and Turkey.

Iran, Libya and Syria are some of the other noteworthy importers.
(Colombo/February 21/2019-SB)

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