ECONOMYNEXT – Sri Lankan tea production, which has been hit badly in recent years by bad weather, is seen increasing in the months ahead with the return of rains, a brokerage said.
“Welcome showers have been reported in most plantation districts since last week bringing an end to the hot, humid and dry weather conditions that prevailed during the first quarter of this year,” John Keells Ltd. said in a report.
The inter-monsoonal rains experienced will grow in intensity until the onset of the South Western monsoon in June.
“The rain that is presently being experienced is ideally suited for growth and with applications of fertilizer, we could expect the crop intakes to improve in April and May,” the brokers said.
However, the rains also brought to an end the Western quality season where good quality teas are harvested on the western slopes of the central hills during the first quarter, fetching high prices.
“Despite the dry conditions, only a few estates were able to produce teas with good seasonal quality,” John Keells said.
(COLOMBO, March 16, 2018)