SL Tea exports up in February

TAGS: | UPDATETIME: 2024-03-21

Sri Lanka Tea exports for the month of February 2024 totalled 22.31 M/Kgs, showing a positive variance of 3.76 M/Kgs vis-à-vis 18.55 M/Kgs recorded in February 2023. All categories except for Tea Packets and Green Tea have shown improvements in comparison with the corresponding month of theprevious year.

F.O.B value in February 2024 was recorded at Rs.1,789.43, a decline of Rs.250.82 YoY compared to Rs. 2,040.25 of February 2023. Iraq has been ranked at No. 1 among major importers of Ceylon Tea with a total of 5.30 M/Kgs, an increase of 14% YoY in January-February 2024 against the previous year’s 4.66 M/Kgs. UAE (4.98 M/Kgs) and Russia (4.52 M/Kgs) emerged at 2 nd and 3 rd positions respectively, surpassing Türkiye who recorded a decline of 38% against the corresponding period of the previous year.

Other notable importer countries are Iran, Saudi Arabia, China, Germany, Azerbaijan and Chile.