Sri Lanka’s tea production down | Daily News

Sri Lanka’s tea production down

Sri Lanka’s tea production in March 2019 totaled 28.1 million kilograms, compared to 28.6 million kilograms in March 2018, showing a marginal deficit of 0.4 million kilograms, according to the latest data.

Medium Grown tea have shown a growth Year on Year (YOY), whilst High Growns and Low Growns have shown a decrease, according to the Forbes and Walker weekly tea market report.

When analyzing, tea production from January to March 2019 was 73.1 million kilograms, compared to 74.3 million kilograms recorded during the same period in 2018. This shows a deficit of 1.1 million kilograms.

On a cumulative basis too, Medium Growns showed a growth, whilst High Growns and Low Growns show a decrease YOY.

Also, there was a fair demand for tea at the Colombo Tea Auction, which saw a total of 7.3 million kilograms come under the hammer this week.

Ex-Estate offerings comprised of approximately 1.0 million kilograms. Overall, the quality of teas showed no significant change compared to last week’s offerings.

There was an improved demand following quality and consequently, the better teas continued to appreciate in value in most instances, widening the parity between the better teas and their poorer counterparts.

Furthermore, CTC production in March 2019, was 1.9 million kilograms and showed a decrease of 0.2 million kilograms, compared to 2.1 million kilograms during the corresponding month in 2018.

The decline in tea production reflected in all elevations with High Growns in particular, showing the highest variance YOY. On a cumulative basis too, CTC production during the period January-March 2019, showed a deficit of 0.4 million kilograms and was 5.4 million kilograms during this period, compared to 5.8 million kilograms of January - March 2018. (IH)


 

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