Sri Lankan tea brokering company says country’s tea production for 2018 likely to be around 300 million kilos
Forbes and Walker Tea Brokers in Sri Lanka has stated in a report that the country’s tea production is likely to be around 300 million kilos in 2018.
According to the report, the latest tea production statistics available for the month of October totals 29.6 million kilos, an increase of 3.8 million kilos or 14 percent from a year ago.
“Sri Lanka is likely to achieve the 300 million kilo mark, a reasonable recovery from the disastrous second and third quarters,” the brokers have reportedly said.
Reports further state that the estimate considered that production up to October totals 251 million kilos and assumed production in November/December would remain static around the 2017 figures and said it was notwithstanding the labour unrest on plantations and curtailment of tea production in December.
OSL take:
The statement by the Sri Lankan tea brokering company is indicative of the country’s tea industry reaching a state of recovery. Following bad second and third quarters, the country’s tea industry has shown its resilience by reaching a 300 million kilo mark for 2018. The country’s tea industry, which manufactures the world renowned Ceylon Tea brand, is open for investments. Investments are open for upgrading and development of the tea sector. Interested foreign investors could explore investment opportunities in Sri Lanka’s tea sector.
| Article Code : | VBS/AT/20181227/Z_1 |