Falling Numbers

Sri Lankas tea crop slipped to 20.7 mn kilos in August, its lowest since 1999 when a figure of 19.4 mn kilos was recorded.

Asia Siyaka Commodity brokers did not give a reason for production drop, but said the tea crop has fallen steeply by 38 percent todate, since peaking at 33 mn kilos in May.

For the first time this year, the high grown variety shed 16 percent to 38 mn kilos in year-on-year to August.

However, low growns continued to be a winner, moving up to 13.5 mn kilos in August.

With a Annual production at 202 Mn Kg is nominally ahead of last year by 1.7%, Asia Siyaka estimates September crop figures to touch 19 mn kilos.