https://www.sundaytimes.lk/220501/business-times/japan-drops-buying-ceylon-tea-481174.html
Japan is a key buyer of teas during the peak Dimbula season but this year buying has dropped by 42 per cent.
Japan which last year bought 1.5 million kg of Ceylon Tea during the January to March season purchased only 872,000 kg this year.
Asia Siyaka Brokers CEO Anil Cooke explained that this development was due to a combination of circumstances one of which is that one of their important suppliers is not confident of doing business with Sri Lanka under the prevailing situation in the country.
“They don’t know if we will have fertiliser and even if we do there will be a quality drop and whether there could be a quantity drop as well,” he noted.
Japan is a key buyer of teas during the peak Dimbula season but this year buying has dropped by 42 per cent.
Japan which last year bought 1.5 million kg of Ceylon Tea during the January to March season purchased only 872,000 kg this year.
Asia Siyaka Brokers CEO Anil Cooke explained that this development was due to a combination of circumstances one of which is that one of their important suppliers is not confident of doing business with Sri Lanka under the prevailing situation in the country.
“They don’t know if we will have fertiliser and even if we do there will be a quality drop and whether there could be a quantity drop as well,” he noted.
