September tea crop down by 8%

Wednesday, 30 October 2013 00:00 - - {{hitsCtrl.values.hits}}

REUTERS: Sri Lanka’s tea production fell 8.8% in September from a year earlier, data from the state-run Tea Board showed on Monday, due to heavy rain hitting production in the low grown area. Output of Sri Lanka’s top agricultural export commodity was up 2.45% in the first nine months of the year versus the same period last year. Forecast for 2013 is 335 million kilograms, as against 327.5 million kilograms in the previous year. Tea crop hit a record 331.4 million kilograms in 2010. Export earnings from tea in the first eight months were $ 962.6 million, up by 8% over the corresponding period of last year. In 2012, export earnings amounted to $ 1.4 billion, down by 5.3% over 2011.

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