Economics

Sri Lanka Tea Crop Surges in September, Marginal Growth Recorded for First Nine Months of 2024

  • October 18, 2024

Sri Lanka’s tea industry witnessed a remarkable surge in September 2024, with tea production reaching a seven-year high of 24.13 million kilos, according to provisional data released by the Sri Lanka Tea Board. This marks a 27.7% increase compared to September 2023’s unusually low production of 18.9 million kilos. Despite ongoing challenges such as adverse

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Economics

July 2024 National Tea Sales Average Declines by 1.5%

  • August 8, 2024

In July 2024, the national tea sales average in Sri Lanka decreased by 1.5%, reaching Rs.1,223.88 (US $4.05) compared to Rs.1,243.69 (US $4.12) in June 2024, according to data from the Sri Lanka Tea Board. Despite this month-on-month decline, the July 2024 average shows a positive year-on-year (YoY) variance of Rs.212.44 and US $0.87 compared

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