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TABLE-Sri Lanka January tea output falls 15.3 pct y/y
February 20, 2017 / 9:51 AM / 7 months ago

TABLE-Sri Lanka January tea output falls 15.3 pct y/y

    Feb 20 (Reuters) - Sri Lanka's tea output fell 15.3 percent in January due
to adverse weather, poor application of fertilisers and a government ban on
pesticides, the state-run Tea Board said on Monday. 
    "Mainly it is the weather; in addition to that, other factors like (poor
application of) fertiliser and (government ban on) weedicide also impacted,"
said Sri Lanka Tea Board Director-General S.A. Siriwardena.
    Siriwardena did not gave a forecast for 2017 and the board said needs to
study the weather pattern before forecasting 2017 tea production.
    The Indian Ocean island nation's tea output hit a seven-year low in 2016,
falling 11.1 percent in its third straight year of declining production due to 
adverse weather. 
    Tea exports dropped to a 14-year low, broker data showed. 
    Tea is Sri Lanka's top agricultural export commodity and one of the main
foreign currency earners for the $82 billion economy.
    Export earnings fell 5.3 percent to $1.26 billion in 2016 from $1.33 billion
in 2015. Sri Lanka recorded its highest earnings of $1.63 billion in 2014.
    Russia was the largest importer of Sri Lankan tea in 2016, followed by Iran
and Iraq. Turkey dropped to fourth position in 2016 from second in 2015.
    Export volumes to other major buyers such as the United Arab Emirates,
Libya, Syria and Kuwait fell significantly last year, the broker report said.
    
 Sri Lanka's tea output (kg):
                       JANUARY                   
                2017          2016                             
 High Grown   4,540,386    5,525,842    
 Medium Grown 2,747,836    3,638,392    
 Low Grown   13,967,529   15,917,458  
 Total       21,255,751   25,081,691   
      
 Sri Lanka tea production (mln kg):
                        Output in previous years         
                2016    2015     2014    2013      2012    2011
 
              292.36  328.96    338.0   340.2*    327.5   328.7
  
 *  Sri Lanka's record tea production
     
 Sri Lanka Tea Revenue ($ mln):
               2015      2014       2013       2012       2011 
 
             1,340.5   1,628.3*   1,542.2    1,411.9    1,476.2
 
 Pct Chg 
  on Yr (-)   (17.7)     5.6        9.2       (5.3)       2.56 
 
  * Sri Lanka's tea export earnings hit a record high in 2014  

 (Reporting by Ranga Sirilal in Colombo; Editing by Biju Dwarakanath)
  

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