FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Tea exports surge by 5.43% in ’14 Vote_lcap68%Tea exports surge by 5.43% in ’14 Vote_rcap 68% [ 178 ]
Tea exports surge by 5.43% in ’14 Vote_lcap18%Tea exports surge by 5.43% in ’14 Vote_rcap 18% [ 47 ]
Tea exports surge by 5.43% in ’14 Vote_lcap13%Tea exports surge by 5.43% in ’14 Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Tea exports surge by 5.43% in ’14

Tea exports surge by 5.43% in ’14

Go down  Message [Page 1 of 1]

1Tea exports surge by 5.43% in ’14 Empty Tea exports surge by 5.43% in ’14 Mon Jul 13, 2015 9:18 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

A record 96% of Pure Ceylon Tea production volumes leave Sri Lanka to serve global buyers while only 4% of it is brewed locally.The Lankan tea sector is now called to lead the value addition.
“Pure Ceylon Tea exports grew by 5.4% in 2014. Only 50% of tea export revenues came from value added while other 50% is from raw tea exports,” EDB Chairman and CEO Bandula Egodage said.
Addressing the “Promotion of Value Added Tea Exports” session attended by more than 100 reps from 60 leading Lankan tea manufacturing and exporting firms he said the business cannot run just by exporting raw tea.
“We need to go for value addition. There is no debate on this. We export 96% of Pure Ceylon Tea production which is 325 million kgs. Pure Ceylon Tea exports grew by 5.4% in 2014,” Chairman Egodage said. “When considering 2014 total export revenues, only 50% from value added tea exports while other 50% is from tea exports in raw form. In terms of tea export volumes, raw exports are higher at 55% while value added exports only 45%. This is an issue that needs to be addressed.
Such half-half split is not bad but it does not give us much since raw and value added are bringing in similar amounts. Though we can see value addition but it does not give us the “required value addition” levels.
This is the third biggest export item of Sri Lanka and therefore as exporters and manufacturers it is your call and EDB is here to help you today.”
71.1 million kgs of Ceylon Tea was exported at the end of this March at a value of $321 mn.
Ceylon Tea packs almost 150 yrs of history and is Sri Lanka’s largest agricultural export commodity to the global market. 
Courtesy: Daily News 13 July 2015

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum