SL tea output falls 18 pc | Biden News

[ad_1]

Colombo, October 25 (UNI) Sri Lanka’s tea production fell 7.8 percent last month from a year earlier to 20.9 million kg while total production for the first nine months of 2022 fell 18 percent from the previous year, according to industry data. .

The Island newspaper on Tuesday reported that from January to September 2022, the total production was 192.37 million kg, down from 234.72 million kg for the same period in the previous year.

“This would be the lowest recorded for the review period since 1996, when it recorded 188.40 million kg for the corresponding period,” said the data released by Forbes and Walker Tea Brokers.

“On a cumulative basis, all highs showed a decline during the corresponding period of 2021.”

In September 2022, high-growing teas rose by 14.05 percent to 4.6 million kg, medium-grown decreased by 3.6 percent to 3.4 million kg and low-grown decreased by 14.5 percent to 14.7 million kg.

The national average tea price in the month of September was $5.52 or $1,981.63.

Lankan tea earned higher prices for tea exports in rupees after the currency was depreciated in March against the US dollar in 2022.

September tea exports also dipped by 8.11 percent to 21.54 million kg. Even in 2020, amid the Covid-19 pandemic, the country produced 201.43 million kg for the period.

UNI MR

[ad_2]

Source link