|Published : 22 Sep 2016, 21:26:50|
Sri Lanka tea output down for seventh straight month
COLOMBO, Sept 22 (Reuters): Sri Lanka's tea output fell for a seventh month running in August as a drought, poor application of fertiliser, low market prices and a government ban on pesticides weighed on the production, the state-run Tea Board said on Thursday.
Output in August fell by 12.9 percent from a year earlier, the Tea Board's data showed. The last monthly gain was in January.
"The main reason is the drought in the low grown areas," S.A. Siriwardena, director general at the Sri Lanka Tea Board, told Reuters. "Poor application of fertiliser and a government ban of pesticides is also affecting production."
Tea is Sri Lanka's top agricultural export commodity and one of the main foreign currency earners for the $82 billion economy.