By Steve A. Morrell
CTC ( Cut Tear and Curl), was selling at $ 1 . 68, which was low. The Colombo market average was around $ 3 . 70. However, as the Indian Tea Association said Assam produced 620 million kilos of tea last year, but the price drop was attributed to poor quality. Indian tea traders reportedly were unable to raise prices.
The Asia Siyaka report further said The Tea Research Association of India, on its part, had conducted studies and confirmed a drop in rainfall and rise in temperatures.
Global warming, which was an expected phenomenon this year, further aggravated the ‘Indian problem’, particularly because Ceylon Tea and Kenya were in competition for top slots.
Ex estate catalog tea sold at increased demand and the all round performance was said to be quite promising.
However, low grown Ceylon Tea maintained their demand markets in Iran, Turkey, Dubai, Iraq, Kuwait and Saudi Arabia. Additionally, CIS countries continued their strong support for Ceylon Tea.
Value addition exports had increased to as much as 62 % in 2013. These exports had not diminished currently and were sustained. But bulk tea demand did not fare as well.
Tea exports to end March, included, Russia, CIS and additionally, Japan, Germany and Middle East countries, which continued to support Ceylon Tea.
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January to March results put tea circles in an ‘all smiles’ situation particularly because earnings exceeded those of last year over the same period by as much as Rs 8. 3 billion. Additionally, exports of 75.2 million kilos indicate increase in quantities exported, by 4.3 million kilos, a Forbes & Walker tea market report said.
However , the Asia Siyaka weekly tea market report had an equally interesting story that India too had increased crop exports although weather indicators were that tea growing areas in Assam had longer dry spells with warmer temperatures. Irrigation systems installed in those plantations had ensured crop potential was not affected. It also meant in those tea growing areas weather was not really of critical concern.
However , the Asia Siyaka weekly tea market report had an equally interesting story that India too had increased crop exports although weather indicators were that tea growing areas in Assam had longer dry spells with warmer temperatures. Irrigation systems installed in those plantations had ensured crop potential was not affected. It also meant in those tea growing areas weather was not really of critical concern.
The report further said prices realized were not in keeping with increased costs.
CTC ( Cut Tear and Curl), was selling at $ 1 . 68, which was low. The Colombo market average was around $ 3 . 70. However, as the Indian Tea Association said Assam produced 620 million kilos of tea last year, but the price drop was attributed to poor quality. Indian tea traders reportedly were unable to raise prices.
The Asia Siyaka report further said The Tea Research Association of India, on its part, had conducted studies and confirmed a drop in rainfall and rise in temperatures.
Global warming, which was an expected phenomenon this year, further aggravated the ‘Indian problem’, particularly because Ceylon Tea and Kenya were in competition for top slots.
Ex estate catalog tea sold at increased demand and the all round performance was said to be quite promising.
However, low grown Ceylon Tea maintained their demand markets in Iran, Turkey, Dubai, Iraq, Kuwait and Saudi Arabia. Additionally, CIS countries continued their strong support for Ceylon Tea.
Value addition exports had increased to as much as 62 % in 2013. These exports had not diminished currently and were sustained. But bulk tea demand did not fare as well.
Tea exports to end March, included, Russia, CIS and additionally, Japan, Germany and Middle East countries, which continued to support Ceylon Tea.
www.island.lk
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