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Project on Tea Exports
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COLOMBO (EconomyNext) – Sri Lanka’s value-added tea exports have slumped this year with tea bag shipments down 20 percent in the five months to May 2015 from a year ago, brokers said.
Tea exports fell two percent to 123.7 million kilos in the Jan – May 2015 period from a year ago with earnings down 12 percent to 74 billion rupees, Asia Siyaka Commodities said.
“In US dollar terms earnings have dropped 13.5 percent to a five year low of 562 million dollars,” they said in a report.
“In 2014 the figure was 1.86 million kilos,” Asia Siyaka Commodities said. “At the end May 2015 quantities had crashed 55 percent to 0.84 million kilos.”
Tea exports fell two percent to 123.7 million kilos in the Jan – May 2015 period from a year ago with earnings down 12 percent to 74 billion rupees, Asia Siyaka Commodities said.
“In US dollar terms earnings have dropped 13.5 percent to a five year low of 562 million dollars,” they said in a report.
“In 2014 the figure was 1.86 million kilos,” Asia Siyaka Commodities said. “At the end May 2015 quantities had crashed 55 percent to 0.84 million kilos.”