BR100 Increased By (0.07%)
BR30 Increased By (0.62%)
KSE100 Increased By (0.34%)
KSE30 Increased By (0.42%)
AGHA 6.44 Increased By ▲ 0.12 (1.9%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.52 Increased By ▲ 0.07 (0.11%)
BOP 31.48 Increased By ▲ 0.25 (0.8%)
CNERGY 11.69 Increased By ▲ 0.10 (0.86%)
CSIL 5.87 Increased By ▲ 0.15 (2.62%)
FCCL 61.11 Decreased By ▼ -0.43 (-0.7%)
FFL 14.77 Decreased By ▼ -0.25 (-1.66%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 6.31 Increased By ▲ 0.05 (0.8%)
KOSM 5.92 Increased By ▲ 0.36 (6.47%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 104.10 Increased By ▲ 0.02 (0.02%)
NBP 173.20 Decreased By ▼ -2.08 (-1.19%)
NCPL 52.02 Decreased By ▼ -0.75 (-1.42%)
NPL 54.00 Decreased By ▼ -0.12 (-0.22%)
OGDC 317.45 Increased By ▲ 4.06 (1.3%)
PACE 9.21 Increased By ▲ 0.01 (0.11%)
PAEL 35.70 Decreased By ▼ -0.10 (-0.28%)
PIBTL 13.68 Increased By ▲ 0.21 (1.56%)
PPL 226.80 Increased By ▲ 4.99 (2.25%)
PRL 80.37 Increased By ▲ 1.29 (1.63%)
PTC 46.70 Decreased By ▼ -0.15 (-0.32%)
SSGC 23.81 Decreased By ▼ -0.06 (-0.25%)
TBL 9.23 Decreased By ▼ -0.08 (-0.86%)
TELE 7.51 Increased By ▲ 0.12 (1.62%)
TPL 24.70 Decreased By ▼ -0.41 (-1.63%)
TPLP 12.85 Increased By ▲ 0.34 (2.72%)
TREET 25.99 Decreased By ▼ -0.26 (-0.99%)
TRG 53.30 Decreased By ▼ -0.14 (-0.26%)
Markets

Sri Lanka tea output jumps 18.9pc yr/yr in July

Published Updated

COLOMBO: Sri Lanka's tea output rose 18.9 percent in July compared to a year earlier, the state-run Tea Board said on Monday as industry officials attributed the gain to lower production last year.

Production in the first seven months of the year edged up 3.7 percent compared to the same period last year.

"The gain is mainly because of the low base effect. The July tea production reverts to pre-2016 levels," said Anil Cooke, head of Asia Siyaka Commodities, Reuters.

Lower use of fertilisers, weak market prices and a government ban on the use of pesticides resulted in a decline in production last year.

Sri Lanka's tea output hit a seven-year low in 2016, falling 11.1 percent in its third straight year of declining production due to adverse weather.

Tea export volume dropped to a 14-year low in 2016, broker data showed. Export earnings fell 5.3 percent to $1.26 billion in 2016 from $1.33 billion in 2015. Sri Lanka recorded its highest earnings of $1.63 billion in 2014.

 

 

 

Copyright Reuters, 2017

Comments

Comments are closed for this article.