Home / Agriculture/ May tea exports dip but first five-month haul higher

May tea exports dip but first five-month haul higher

Comments / {{hitsCtrl.values.hits}} Views / Friday, 6 July 2018 00:00

Sri Lanka tea exports in May saw a marginal dip although the first five months’ value has shown an improvement. 

Customs data analysed by Siyaka Research shows that Sri Lanka exported 23 Mnkg in May 2018, 5% lower than the 2017 quantity of 24.3 Mnkg. The country earned Rs. 19 billion compared with last year’s record of Rs. 20 billion from the larger quantity shipped. 

Shipments for January-May 2018 at 112.8 Mnkg are near identical to the previous year’s figures. However, what is significant is that bulk tea shipments rose to 43% from the total from 42% a year ago.

Therefore, the other segments which are treated as value added exports have declined to 57% of the total from 58% a year ago.

A key positive element of this year’s performance from January-May are rupee earnings which are up 5% to Rs. 93.3 billion from Rs. 89.2 billion a year ago. This converts to an approximate $ 599 million ahead of the previous year’s figure of $ 589 million. The highest earnings for the period were $ 650 million in 2014 but the country exported 126.7 Mnkg, which is 12% more than the 2018 quantity of 112.8 Mnkg. The comparable approximate FOB value therefore is $ 5.31 million from January-May this year against $ 5.14 million in 2014.

A review of the prime destinations show Russia/CIS at the top of the list with absorption of 21.4 Mnkg against 22.1 Mnkg a year ago. Iraq is second with 14.9 Mnkg against 12.5 Mnkg, recording a sharp 19% YoY increase. The quantity shipped through Turkey has grown from 12.9 Mnkg to 13.9 this year. A key negative feature of this year’s performance is from Iran, which has seen a sharp drop of 18% YoY 2017 to 8.5 Mnkg from 10.3 Mnkg last year. 

The UAE too has declined to 5 Mnkg from 6.6 Mnkg a year ago. Shipments to Syria have risen 55% to 4.3 Mnkg from 2.8 Mnkg. China continues to grow and is 4.2 Mnkg, up 30% from last year’s five-month figure of 3.2 Mnkg. Libya has dropped sharply from 5.2 Mnkg to 3.5 Mnkg this year. Chile remains steady at 2.6 Mnkg and is followed by Japan’s 2.66 Mnkg, down a sharp 19% from 3.2 Mnkg. This high-value market has a strong impact on better liquoring Dimbulla and Uva teas. Saudi Arabia has grown imports to 2.3 Mnkg from 1.6 Mnkg a year ago. The US is nominally ahead at 2.27 Mnkg compared with 2.19 Mnkg in 2017.


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Courting democracy; Housing disaster?

Thursday, 15 November 2018

A small step was taken by a sovereign court the day before yesterday. It was a giant leap for the supremacy of the Constitution over all three arms of government in a recently benighted Sri Lanka. As well as being the tangible proof of intra-governme

Sri Lanka’s Judiciary in its finest hour

Thursday, 15 November 2018

“We must never forget that the only real source of power we as judges can tap is the respect of the people” –Justice Thurgood Marshall

When scholars turn slayers of reason

Thursday, 15 November 2018

“… I think, that the intellectual is an individual endowed with a faculty of representing, embodying, articulating a message, a view, an attitude, philosophy or opinion to, as well as for, a public. And this role has an edge to it, and cannot be

A stable democracy is a prerequisite for the wellbeing of Sri Lankans

Thursday, 15 November 2018

In Sri Lanka, despite the complexity of overlapping policies, the slow pace in implementing economic policies has been of central concern in the past few years. The current political state in Sri Lanka poses a series of e

Columnists More