SRI LANKA TEA PRODUCTION – JANUARY TO SEPTEMBER 2020
Sri Lanka Tea Production for September 2020 of 21.9 million kgs remained static vis-à-vis September 2019. High & Medium Grown production has shown a marginal growth YOY, whilst Low Growns show a slight decrease vis-à-vis September 2019. January-September 2020 cumulative production totalled 201.1 million kgs, showing a deficit of 31.8 million kgs against the volume of 232.9 million kgs of January-September 2019. On a cumulative basis, all elevations have shown a negative growth compared to the corresponding period of 2019, with Low Growns showing the highest deficit followed by High Growns & Medium Growns.
When analyzing the CTC production for September 2020 of 1.6 million kgs, records a marginal decrease of 0.1 million kgs compared to 1.8 million kgs of September 2019. High Growns for September 2020 show a gain vis-à-vis the corresponding period of 2019, whilst Mediums and Low Growns show a deficit.
Cumulative CTC production for the period January-September 2020 of 17.3 million kgs records a marginal gain as against 17.2 million kgs of January-September 2019. On a cumulative basis too, High Growns have recorded a gain, whilst Mediums and Low Growns show a decrease.
The available tea crop figures for January-September 2020 period are appended below (in MT)
Tea Exports for the month of September 2020 totalled 24.1 million kgs recording a deficit of 1.5 million kgs vis-à-vis 25.6 million kgs of September 2019. Tea in bags, Tea in packets together with Bulk tea exports during September 2020 have shown a decrease compared to the corresponding month of 2019. Total revenue, however, of Rs. 21.09 billion realized during September 2020 has shown a growth of 0.9 billion as against 20.1 billion of September 2019. Consequently, the FOB value of Rs. 873.27 (USD 4.76) has shown a gain of Rs. 88.87 per kg in relation to Rs. 784.40 (USD 4.35) of September 2019.
January-September 2020 cumulative exports of 198.2 million kgs, records a decrease of 22.8 million kgs vis-à-vis 221.09 million kgs of January-September 2019. All main categories of exports (i.e Tea Bags, Packeted tea and Bulk tea) have shown a decrease YOY. Total revenue for the period January-September 2020 of Rs. 170.5 billion shows a fairly significant decrease of Rs. 12 billion compared to Rs. 182.5 B of January-September 2019. However, it is relevant to note that the FOB value of Rs. 860.08 (USD 4.68) has shown a growth of Rs. 34.59 per kg as against Rs. 825.49 (USD 4.65) of January-September 2019, thereby showing a growth in SLR and USD terms.
Turkey has emerged as the No.1 importer of Sri Lankan tea followed by Iraq and Russia. Iran, China, Azerbaijan and Chile in particular are some of the other noteworthy importers of Sri Lankan tea. Meanwhile, exports to Saudi Arabia and Ukraine too have shown a growth during the period under review. Exports to Libya, Syria and UAE, however, have shown a decrease compared to the corresponding period of 2019.
MAJOR IMPORTERS OF SRI LANKA TEA - JANUARY/SEPTEMBER 2020