Sri Lanka’s January to April tea crop reaches five year high - Opportunity Sri Lanka
Sri Lanka’s January to April tea crop reaches five year high

Sri Lanka’s January to April tea crop reaches five year high

Sri Lanka’s Asia Siyaka Commodities has reportedly stated that the country’s tea production in the first four months of this year has risen to a five-year high of 104 million kilos.
This is almost 40% more than last year’s severe drought-impacted four-month figure of 74 million kg, the company has stated.
According to reports, low growns has gained almost a month’s production YoY to reach 63.7 million kilos while high growns was at 22.9 million kilos and mediums at 17.4 million kilos recording increases of 33% and 38%, respectively, as against the first four months of 2020.
The April crop had reportedly increased by 42% to 29.5 million kilos from a year earlier, when the crop was impacted by drought and the Covid-19 lockdowns. In April last year, it was at 20.8 million kilos.
Asia Siyaka Commodities has further stated that high growns has recorded a sharp 64% increase to 6.8 million kilos.
Low grown crops amounted to 17.2 million kilos, up 27% from a year earlier. Medium Growns had risen by 78% to 5.5 million kilos.

OSL take:

Sri Lanka’s plantation sector is committed to ensuring that the country’s tea industry manages to help Ceylon tea regain the top slot in the global tea market. Ceylon tea dominated the global tea market in the past. However, the government of Sri Lanka is promoting the development of the plantation sector by offering many incentives. The local tea industry is also focused on ensuring the distribution of quality as well as value added products to the global market. Many promotional campaigns have also been carried out by the authorities. All this has resulted in the expansion of business/investment opportunities in Sri Lanka’s tea industry.

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Article Code : VBS/AT/03062021/Z_1

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