Tea exports volume up 14% in October 2024.
- 5opn1
- November 21, 2024
- Business News
- Tea exports volume up 14% in October 2024.
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Sri Lanka’s tea exports in October have increased by 14% year-on-year (YoY) whilst value-wise, the growth was subdued.
Asia Siyaka Commodities PLC said tea export quantities in October amounted to 20.7 million kilos (Mnkg), reflecting a 14% increase from a year ago. With this gain, exports volume in the first 10 months has grown by 3.4 Mnkg YoY to 203.1 Mnkg.
“Despite the strengthening of the Sri Lankan Rupee, earnings have risen to Rs. 360.5 billion compared to Rs. 354.9 billion last year. This converts to an approximate $ 1.186 billion against $ 1.087 billion by end October 2023.
These higher Dollar earnings have come not just from a greater quantity exported but from a stronger FOB per kilo of $ 5.84 against $ 5.45 the year before,” Asia Siyaka added.
