Mixed start for tea exports in 2024

Tuesday, 27 February 2024 00:55 - - {{hitsCtrl.values.hits}}

Tea exports have seen a mixed bag at the start of 2024 with higher volume and lower value in January.

Forbes and Walker Tea Brokers said tea exports in January totalled 18.76 M/Kgs, showing a positive variance of 1.2 m/kgs from a year ago.

It said all categories except for Instant Tea have shown improvements in comparison with the corresponding month of the previous year.

However, the FOB value in January 2024 was recorded at Rs. 1,748.92, a decline of Rs. 306.42 YoY. All categories witness a negative variance in SLR terms, whilst negative variances were recorded in Tea in Bulk, Tea Packets and Tea Bag categories in USD terms apart from the Instant and Green Tea segments, Forbes and Walker Tea Brokers added.