Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Drought in Sri Lanka may raise global tea prices
Mon, Apr 14, 2014, 11:39 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 14, Colombo: The prolonged drought in Sri Lanka's tea growing regions may raise tea prices globally, tea industry analysts predict.

The drought across Sri Lanka in the first three months of this year has contributed to a 50 percent fall in tea production on previously corresponding period, according to industry sources, a CNBC report said.

"In a context where tea prices have been falling - last year tea prices fell 40 percent which was the most precipitous fall in the history of the commodity - it's conceivable that tea prices are going to ascend in this context," a Standard Chartered analyst Nirgunan Tiruchelvam has told CNBC.

According to the Sri Lanka Tea Board some 400,000 small tea holders in Ratnapura, Kalutara, Galle and Matara districts are among the worst affected.

Out of the island's 206,104 hectares of tea plantations 70 percent are small holdings which are cultivated by 397,223 small holders who produce 1.5 million kilos of tea. The small holdings are spread over 14 districts including Ratnapura, Matara and Galle.

The tea production fell 9.7 percent to 22.5 million kilograms in February this year from 24.9 million kilograms in the same period of 2013.

Sri Lanka is the second largest exporter of tea. Last year Sri Lanka's tea production rose to 339 million kilograms.

ColomboPage - Recent 10 Stories
Sri Lanka has made important strides in the journey towards gender equality - UN official
-- [8 hours ago]
Those who accomplished the November revolution can also defeat counter-revolution President
-- [9 hours ago]
Only three LTTE detainees are eligible for rehabilitation - TNA MP
President appoints directors for special projects
Sri Lankan President instructs to reinstate the reduced tax on low alcohol beer
UK to continue monitoring the situation of Tamil detainees in Sri Lanka
U.S. helps young farmers in Sri Lanka build successful agri-businesses
Nine new HIV infections every week in Sri Lanka
Government to revamp the Sri Lanka Transport Board to minimize losses
Police arrest a suspect involved in assault on a train driver

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.