By Forbes and Walker Tea Brokers
Provisional Tea Industry Performance in Summary – 2021:
Production – increase by approximately 22 m/kgs (8%) year-on-year
Tea exports volume – increase by approximately 20 m/kg (8%) year-on-year
Tea export earnings are likely to show a gain of Rs. 30-32 billion (10%-15%) year-on-year
Auction averages/prices – National average for the year 2021 of Rs. 615.44 down by Rs. 12.77 and in dollar terms approximately $ 0.29 lower than the corresponding period of 2020 (sharp increase in freight costs perhaps adversely impacted on prices)
Colombo auction prices continue to be the highest amongst other tea auction centres in the world
Market outlook for 2022:
Predicting the market outlook for Ceylon Tea for the year 2022 at this juncture amidst much uncertainty seems a difficult task. Nevertheless, we have analysed the supply and demand situations that exist, and projected based on the likely market scenarios and the recent developments in importer countries…
