February tea output falls 9.5% due to drought

Thursday, 3 April 2014 00:00 - - {{hitsCtrl.values.hits}}

REUTERS: Sri Lanka’s tea output fell 9.5% in February from a year earlier, data from the state-run Tea Board showed, which officials attributed to prevailing drought condition. Output of Sri Lanka’s top agricultural export commodity slipped 1% in the first two months of this year compared with the same period last year. The island nation’s annual tea production rose 4.2% last year to a record high of 340.23 million kg, surpassing its previous all-time peak of 331.43 million kg in 2010. Earnings also hit a record of $ 1.54 billion last year, surpassing the previous high of $ 1.48 billion in 2011. Tea is one of the main foreign currency earners for the country’s $ 67 billion economy.

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