Sri Lanka Tea exports for the month of April 2019 totalled 20.7 M/kgs, showing a marginal decrease of 0.1 M/kgs vis-à-vis 20.8 M/kgs of April 2018. Bulk tea shows a growth YoY, whilst packeted tea has shown a decrease.
Meanwhile, Tea bags have remained static when compared to the corresponding month of 2018. The total revenue for April 2019 of Rs. 17.3 billion, has shown a marginal gain of Rs. 0.2 billion vis-à-vis Rs. 17.1 billion of April 2018. This has also resulted in the FOB value for April 2019 realizing Rs. 823.01, thus showing a gain of Rs.12.19 vis-à-vis Rs. 819.82 of April 2018, according to Forbes and Walkers weekly tea market report.
Sri Lanka Tea production for the month of April 2019, totalled 23.6 M/kgs vis-à-vis 28.0 M/kgs of April 2018, showing a decrease of 4.4 M/kgs. High Growns show the highest decrease followed by Medium Growns and Low Growns respectively.
Cumulative production for the period January - April 2019 of 97.0 M/kgs too shows a decrease of 5.3 M/kgs vis-à-vis 102.3 M/kgs of January - April 2018. On a cumulative basis too, High Growns show the largest decrease followed by Low Growns, whilst, Medium Growns remain static.
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