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Earnings from tea exports up

Sri Lanka's tea exports during the period January - November 2001 totalled 271 million kilos, which is a marginal increase of 3.2 per cent from the 262.5 million kilos recorded during the corresponding period of 2000.

The year 2000 saw tea exports totalling 287.9 million kg which was an all time record. This record is expected to be bettered if December 2001 exports equal December 2000 figures, Forbes and Walker Tea Brokers (Pvt) Ltd. said in its Weekly Tea Market Report.

Total tea export earnings increased to Rs. 56.7 billion during this period from Rs. 47.8 billion during the corresponding period in 2001. This is an increase of 18.6 per cent and has already surpassed the 2000 record earnings of Rs. 53 billion.

According to the Asia Siyaka Weekly Tea Update, the Commonwealth of Independent States absorbed 58 million kg of Sri Lankan tea exports, which is 22 per cent of the total tea exports. The United Arab Emirates and Syria came next with 32 million kg and 23 million kg respectively.

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