Sri Lanka’s tea exports decline in August: Forbes & Walker

Sep 24, 2015 (LBO) - Sri Lanka’s tea exports and earnings fell in August 2015 from a year earlier, with exports dropping to 21.1 million kilos, a difference of 6.3 million kilos from the previous year, Forbes & Walker Tea Brokers said in a report. "Total revenue too shows a fairly substantial decline of 5.8 billion rupees year-on-year with August 2015 realizing only 13.2 billion rupees when compared to 18.8 billion rupees in August 2014," the report said. Brokers said Russia has re-emerged as the largest importer of Ceylon for the period January – August 2015 displacing Turkey from the top spot. Tea bags declined in volume whilst bulk tea and packeted tea volumes too have declined but to a lesser extent when compared with August 2014. "On a cumulative basis total exports of 201.4 million kilos for January to August 2015 shows a decrease of 13.2 million kilos compared with 214.6 million kilos January to August 2014," "Bulk tea exports have shown a growth year-on-year, packeted tea and tea bags have shown a negative growth," "Total revenue too for the period January to August 2015 of 119.9 billion rupees show a significant decrease of 21.4 billion rupees compared to 141.3 billion rupees of January to August 2015."