Sri Lanka January tea crop falls 9-pct

EconomyNext – Sri Lanka’s tea production in January fell nine percent to 23.2 million kilos from a year ago owing to bad weather.

"Poor cropping conditions in the higher elevations accounted for almost all of the crop
shortfall during the month," Asia Siyaka Commodities said.

Dry weather and frost damage caused by a cold wave sweeping over the central hills reduced the crop, tea industry officials said.

Asia Siyaka Commodities said tea cultivation in the ‘High Grown’ elevations fell the most, down a sharp 23 percent to 4.9 million kilos in January 2015 from the year before, while crops in the medium elevation fell 16 percent to 3.1 million kilos and low growns recorded a nominal loss from 15.3 to 15.2 million kilos.

"February is traditionally a low cropping month and the dry weather reported will limit production to around 21 – 22 million kilos," the brokers said.

Sri Lankan tea export earnings had also fallen sharply in January 2015 from a year ago owing to lower buying power in key markets although volumes increased.

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