Sri Lanka’s tea crop recovers in March; 1Q output at three-year high
Daily FT: Tea crop in March has recovered, posting a 25% gain, and first quarter output higher by 6.2%.
Asia Siyaka Commodities PLC, quoting preliminary tea production data for the month of March 2025 released by the Sri Lanka Tea Board, said the March crop was 24.4 million kilos, as against 19.5 million a year ago. It is also higher in comparison to 15.6 million kilos achieved in February.
Following this recovery in March, national production for Q1 2025 has risen to 61.7 million kilos, up 6% on last year’s quantity of 58.1 million kilos. All three elevations are up year-on-year, with Medium-Growns higher 9% (11 million kilos), High-Growns 6% (13.8 million kilos), and Low-Growns 5.5% (36.9 million kilos).
The first quarter quantity of 61.7 million kilos is at a three-year high, Asia Siyaka Commodities said.
OSL take:
Sri Lanka’s tea industry is on a growth path with local authorities working for the tea produced by the country to regain the top slot enjoyed by Ceylon Tea in the international market in the past. Tea is also a key export commodity of the country with tea and tea-based products generating a considerable export revenue to Sri Lanka. Local authorities have also taken many steps to support the tea industry by way of promotions in foreign markets while also introducing incentive schemes to attract more businesses/investors to the tea industry. With the tea industry recording a steady growth, showing an increasing business potential, foreign businesses/investors could confidently explore the expanding business/investment opportunities in the industry, especially given the support received by the strong trade ties enjoyed by Sri Lanka with many foreign countries.
| Article Code : | VBS/AT/20250424/Z_4 |