Sri Lanka’s tea crop for first half of 2021 sees increase by 31 million kilos equivalent to 25%
Sri Lanka’s tea production in the first half of this year has grown by 31 million kilos or 24% to 161.49 million, according to Forbes and Walker.
Quoting Sri Lanka Tea Board data, Forbes has reportedly said that all elevations had shown substantial gains, with the low growns in particular gaining 27% over the corresponding period of 2020.
Low grown crops have grown by 21 million kilos to 97 million kilos. High and medium grown crops have improved by 4.9 and 4.6 5 million kilos respectively or 16% and 20% over the first half of 2020.
Cumulative production of CTC teas (January-June 2021) has totalled 14.04 million, recording a 2.28 million kilo increase vis-à-vis 11.76 million kilos of January-June 2020 and all elevations have shown a significant gain YOY when compared to the corresponding period of 2020, according to local media reports.
In June tea crop had totalled 25.94 million down by 1.42 million kilos or 5% from a year earlier.
However, high and medium elevations have shown a decline, whilst the low growns have recorded a marginal gain over the corresponding month of 2020, Forbes and Walker said.
OSL take:
Sri Lanka’s tea exports have recorded a continuous growth despite the challenges posed by the global Covid 19 pandemic. The government of Sri Lanka has also introduced measures to further uplift and develop Sri Lanka’s tea industry. Local tea exports have also been benefited by the many trade agreements as well as trade concessions enjoyed by the country. Given the expanding opportunities in Sri Lanka’s tea industry, foreign businesses/investors could explore the growing opportunities in Sri Lanka’s tea industry.
| Article Code : | VBS/AT/20210727/Z_2 |