Mar 31, 2014 (LBO) – Sri Lanka’s tea production has dropped 10 percent to 22.4 million kilograms in February 2014 from a year earlier, and the March crop is also expected to be fall amid a drought, a tea brokerage has said. In 2014 tea prices have been firmer. The national sales average rose to 481.83 rupees in February 2014 from 422.68 a year earlier.
in February the high grown harvest was down 16 percent, the medium grown harvest by 9 percent and the low grown harvest by 8 percent.
John Keells Plc, in its weekly tea market report said most planting districts have seen drier weather in March 2014 coupled with intermittent showers and reports from plantations suggested that the crop will be lower than last year’s 32.1 million kilograms.
Up to February 2014 the total crop was down by half a million kilograms or 1.1 percent, the brokerage said.
In the first two months of 2013 tea production surged to 48.4 million kilograms from 43.2 million a year earlier.
2014 is expected to be a so called ‘El Nino’ year, where droughts are seen in several parts of the year.