(COLOMBO, LANKAPUVATH) –Tea production in October gained by 3.9 million kilos or 15% to 29.6 million though the first 10 months figure was down marginally by 2% to 253 million kilos.
Forbes and Walker Tea Brokers said all elevations have shown a growth year-on-year (YOY) growth with High Growns and Medium Growns in particular showing a substantial gain over the corresponding period of 2017.
On a cumulative basis, High Growns remained static YOY, whilst Medium Growns have shown a growth. Low Growns however, show a decrease compared to the corresponding period of 2017.
It said CTC production of October 2018 of 2.8 M/kgs shows a significant growth YOY when compared to 1.8 M/kgs of October 2017. All elevations have shown a growth YOY with Mediums followed by High Growns show a fairly substantial growth.
January-October 2018 cumulative production of 20.08 M/kgs however show a 2 M/kgs decrease vis-à-vis 18 M/kgs of January-October 2017.
On a cumulative basis too High and Medium Growns show a growth whilst Low Growns show a marginal decrease compared to the corresponding period of 2017. (Source Daily FT)