According to Jayampathy Molligoda, chairman of the Sri Lanka Tea Board, the nation has earned $1.3 billion (LKR 264 billion) for the export of 288 million kilograms of Ceylon Tea in 2021.
The revenue received and the export quantity of tea is slightly higher than 2020, where Sri Lanka received LKR 230 billion for the export of 266 million kilograms of tea. The Average Free on Board at Customs increased from LKR 867 per kilogram in 2020 to LKR 915.97 per kilogram in 2021.
However, despite the slightly higher value, 2021 also reflects the continuing decline of productivity of Sri Lanka’s tea industry, which at its height in 2013 was able to produce 338 million kilograms of tea.
The chairman stated that low productivity, land & labor, high overheads, and adverse climate changes have significantly impacted Sri Lanka’s tea industry. He also mentioned that Kenyan tea, Ceylon Tea’s main competitor, has grown over the last 10- 15 years while Ceylon Tea has diminished.
No.820, Mount Cresent,Malabe,Sri Lanka