March tea output up 11% YOY

06 May 2013 - {{hitsCtrl.values.hits}}

Sri Lanka’s March tea production rose 11.3 percent from a year earlier due to favourable weather, pushing up output of the island nation’s top agricultural export by 8.1 percent in the first quarter of 2013, data from the state-run Tea Board showed on Thursday.

Monthly year-on-year output has gained in the past four months, helped by favourable weather. Production in 2012 edged down 0.4 percent from the year earlier due to adverse weather conditions.

Tea is one of the main foreign currency earners for the island nation’s $59 billion economy.

Economy

March tea output up 11% YOY

Most Popular Articles

LAUGFS gas prices remain unchanged

CSE slides sharply as Middle East tensions trigger broad-based selling

New US tariff could erode Sri Lanka’s export competitiveness: CCC warns

CSE extends losses as geopolitical risks and tariff concerns weigh on sentiment

CSE rebounds as lower oil prices and strong crossings lift sentiment

Pelwatte Dairy commissions Sri Lanka’s largest dairy effluent treatment plant

Latest News

Gold fever sends some vintage luxury watches to the melting furnace

Iran and US close on initial deal, Tehran says no signing on Sunday

Minor flood situation reported in Kuda Ganga sub-basin

Education will be protected in any crisis: PM

Disabled university students to receive Rs. 5,000 allowance