Tea export volumes down 7.8 MnKgs in July

20 August 2022 02:43 am Views - {{hitsCtrl.values.hits}} 3 Bookmark

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All main categories show negative variance
Iraq, UAE and Russia rank as top three importers of Ceylon Tea for Jan.-Jul. 2022 period

The tea exports for the month of July saw a decrease of 7.8 MnKgs when compared with the corresponding month of the previous year.

The exports of Ceylon Tea for July totalled 22.76 MnKgs, where all the main categories showed a negative variance compared to July 2021.

The cumulative analysis of the January to July 2022 period showed that the exports totalled 148.05 MnKgs for the seven months.

Here again a decrease of 14.47 MnKgs is observed when compared with the 162.52 MnKgs exported in the corresponding period in 2021.

Iraq has remained as the major importer of Ceylon Tea, with an increase of 35 percent in imports year-on-year (YoY) for January-July 2022. The United Arab Emirates (UAE) secured the second position, with a total of 12.77 MnKgs, a 5 percent increase against the total imports recorded for January-July 2021.

Russia sits in the third place, with a total of 12.34 MnKgs, followed by Turkey, Iran, Azerbaijan and Libya for the January-July 2022.

A significant decrease in imports is reported from Russia (22 percent), Turkey (58 percent), China (21 percent), Syria (26 percent) and Jordon (20 percent) YoY.

Meanwhile, a notable increase in imports is recorded from Azerbaijan (6 percent), Libya (8 percent), the USA (8 percent), Saudi Arabia (7 percent), Germany (20 percent) and Poland (16 percent) YoY, as expanding markets for Ceylon Tea.

Comments - 3

Hats off to revolutionaries Saturday, 20 August 2022 10:12 AM

The entire credit for this loss goes to Gota, and his team of Mahindananda Aluthgamage, Sashendra Rajapassa, and of course not to forget the great Ratana who spear headed the campaign for natural (goo) fertilizer. We cannot even fathom their prowess of thinking, to destroy Sri Lanka. Long live the cabal.

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Karalasingam Sivalingam Saturday, 20 August 2022 04:43 PM

Fertiliser policy of Gota brought this doom to the tea industry. When non-economic, pandit rule, this is what happens to a country.

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Silva Saturday, 20 August 2022 09:23 PM

Authorities should look into the skyrocketing freight rates. It's killing our export sector.

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