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DESPITE challenges with shipping, Sri Lanka's tea exports in the first half of this year have risen by 6% to 119.1 million kilos compared to the corresponding period of 2023.
This site The growth is despite exports in June being marginally down by 2% to 20.9 million kilos, Asia Siyaka Commodities Plc said.
The country has earned $ 687 million in the first half of 2024 as against $ 637 million a year ago. The approximate FOB per kilogram is $ 5.77 compared to $5.68 last year. Asia Siyaka said Iraq continues as a prime tea destination for Sri Lanka's tea exports with an absorption of 14.6 million kilos a quantity similar to the previous year. Russia followed with 13 million kilos, up 6% from a year ago. Exports to UAE have risen sharply 59% to 11.9 million kilos whilst shipments declined by 35% to 8.6 million kilos to Turkey.
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