Sri Lanka will achieve an all-time tea export revenue target this year said, Chairman of TEA Jayantha Karunaratne.
He said that the current export revenue was around Rs. 1.2 billion and this was the figure of last year.
“We expect this figure to move up to the Rs 1.5 billion mark by the end of the year which would be a record amount.” The total production of tea in 2016 accounted for 292.57 million kg where 288.77 million kg was exported. However, in comparison to 2015 the numbers have shown 11% decline, as the total tea production accounted for 2015 was 328 million kg while tea exports the same year remained at 306.96 million kg. Tea production for the period January – August 2017 has totaled 206.9 million kg vis-à-vis 199.0 million kg of January – August 2016, showing a gain of 7.9 million kg.
Sri Lanka is the 4th largest tea producer in the world. China, which tops the list, produces 2.2 billion kg of tea while India and Kenya produce 1.2 billion kg and 400 million kg respectively. Sri Lanka produces 330 million kg. Conversely, Sri Lanka is the 3rd largest tea exporter in the world, where its exports account for 300 million kg. Kenya is on the lead exporting 380 million kg, while China follows closely with 320 million kg. (SS)
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