Nov 02, 2012 (LBO) – Heavy rains in Sri Lanka’s tea growing areas are not likely to lead to a sharp recovery in crops that have been reduced by drought, a tea broker said. John Keells brokers also said the rains will relieve the suffering caused by drought which had reduced irrigation water and hydro-power generation.
“Every storm cloud has a silver lining and one area which has benefited immensely from these down pours have been the rise in the water levels of the hydro power reservoirs in the central hills and depleted irrigation tanks in the North Western, North Central and Eastern provinces.
“It is reported that with the recent heavy rains some of them have already reached spill level which will boost hydro power generation and supply much needed water for agricultural and drinking purposes in the dry zone which has been reeling under the impact of the severe drought.” “It has been an extremely cold and wet week on the plantations,” John Keells brokers said in a weekly market report.
“Light rain that fell at the start of the week, was quickly followed by a deluge over the week-end.
“If the dry weather that we have experienced in 201