Tea crop plunges to lowest in 27 years

Tuesday, 20 December 2022 02:38 -     - {{hitsCtrl.values.hits}}

Tea crop in the first 11 months of 2022 has dipped to 231.86 million kilos, lowest in 27 years.

Forbes and Walker Tea Brokers said the crop reflects a significant decrease of 471 million kilos from the corresponding period of last year. “This would be the lowest recorded for the period under review since 1995 where it recorded approximately 225.70 million kilos,” Forbes and Walker said. 

On a cumulative basis, all elevations have shown a decline over the corresponding period of 2021.

When compared to 250.19 million kilos of COVID-19 impacted January-November 2020, cumulative production of January-November 2022 shows a decrease of 18.33 million kilos. On a cumulative basis, once again all elevations show a decline over the corresponding period of 2020.

In November tea production grew marginally to 20.24 million kilos from 20.06 million kilos a year ago. High and Low Grown elevations have shown a gain, whilst the Medium Grown have shown a decline over the corresponding month of 2021.

When compared to the 24.91 million kilos of November 2020, November 2022 shows a decrease of 4.67 million kilos.

 

Tea Exporters Association meets CBSL Chief over forex repatriation and conversion issue

COMMENTS