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Last Updated : 2024-04-26 07:28:00
AFP: Crisis-struck Sri Lanka’s vital tea exports have dropped to their lowest level in 23 years, official figures showed yesterday, hit by a fertiliser ban and the war in Ukraine.
Tea is the island nation’s biggest export commodity, bringing in about US $ 1.3 billion annually before the current economic downturn, the worst since independence in 1948.
But a bungled ban on fertiliser imports last year -- introduced in a doomed effort to save foreign currency and avoid a debt default -- hit growers hard, with production falling 18 percent on-year for the period from November 2021 to February 2022.
Customs data showed that first-quarter exports in 2022 correspondingly plunged to 63.7 million kilos (140 million pounds), down from 69.8 million kilos in the January-March period last year.
The tally was the lowest since the first quarter of 1999, when the country shipped out 60.3 million kilos of tea.’
Premalal Perera Thursday, 05 May 2022 05:23 PM
Ali Shabri "That we admit so let us screw up something else"
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