Sri Lankan tea production drops - Andhravilas - Telugu cinema news | Telugu cinema | Telugu Movies | Telugu cinema reviews | telugu movie reviews | Tollywood | Telugu Movies Gossips | Telugu Movie schedules | Telugu Cinema | Telugu Movies | India News | World News | Bollywood | Telugu Movie Songs | Gossips







andhravilas.com
Home  
Our Sites
Omsainath.org


Back to News Page

Share/Save/Bookmark

Sri Lankan tea production drops

Colombo, April 25 - Sri Lanka's tea production fell 22.6 percent in March compared with the same period of 2011, said the state-run Tea Board Wednesday, fueling fears that the industry is heading for tough times.

Tea brokers blame fewer rainfalls and longer dry periods in the higher elevations where most tea is grown for the drop in production.

Sri Lanka's highest foreign exchange earning crop fell to 27.21 million kg last month compared with 35.13 million kg the previous March, according to latest data released by the Tea Board.

Overall production for the first quarter also declined by 6.7 percent to 73.18 million kg from 78.40 million kg in 2011, reported Xinhua.

Tea trades are also hampered by a possible drop in exports to the Middle East, especially Iran as sanctions tighten next month.

Iran buys 5 percent of Sri Lanka's tea production while the Middle East is the market for 55 percent of the island's exports.

However, the Tea Board in its statement insisted that tea prices still have the capacity to surpass 2011 revenue of $1.5 billion due to higher global prices.

Nonetheless, the Central Bank data shows a 19.1 percent drop in tea earnings in January compared with last year, which is $103.9 million.

Tea is one of Sri Lanka's top foreign exchange earners besides garments, tourism and remittances.



-IANS


More News....
Page 1 of 8 Next


- Spain returns Colombian treasure
- Travel across India for enhanced learning: Modi
- New anti-terror measures to be introduced in Britain: Cameron
- I don't enjoy my voice: Romeo Santos
- Eight killed in France building collapse
- Modi focuses on women's empowerment, education
- George Clooney's back pain continues
- Paul Smith collaborates with Led Zeppelin
- US continues air strikes against IS in Iraq
- 13 killed in Baghdad bomb blasts
- Rebels, Syrian forces clash near Golan Heights
- Kelly Brook suffered second miscarriage
- Russia may retaliate against fresh EU sanctions
- Is Miley Cyrus dating Douglas Booth?
- UN chief alarmed by Israeli claim on West Bank land
- Three executed in Yemen for having US links
- Lena Dunham condemns naked photo leak
- Three children, teacher killed in China school stabbing
- Jennifer Aniston eases exercise regime
- Nigeria to get Japanese drug for Ebola treatment
- 'Ukrainian conflict has escalated into war'
- IS slogan found on school walls in Saudi Arabia
- Japan to aid connectivity upgrade in northeast India
- Words cannot describe Abe's hospitality, says Modi
- PTI president says political crisis in Pakistan scripted (Roundup)




Page 1 of 8 Next


Telugu Movies Photo Gallery
Aagadu Movie Latest Wallpapers
Boochamma Boochodu Press Meet
Bullet Rani Movie Stills
Hansika
Lakshmi Rai
Regina Stills
Sri Nilayam Trailer Launch
Neha Deshpande
Sri Nilayam Trailer Launch
Santhosham Awards 1
Tamil Movies Photo Gallery
Nila Nagar Movie Stills
Oru Pakka Kadhai Launch
Thiruttu VCD Movie Press Meet
Thiruttu VCD Movie Stills
Aranmanai Movie Stills
Hansika
Lakshmi Rai
Regina Stills
Aadama Jaichomada Audio Launch
Aranmanai Audio Launch
Yuddanapudi Telugu Serials
Priaysakhi
Secretary
Pelli Pillalu Jeevitham
Premasimhasanam
Jeevana Satyalu




Andhravilas
Site Designed & Developed by www.Suryapet.org |ęCopyrights reserved Suryapet.org.