Sri Lanka’s October Tea production hits 5 year low

Sri Lanka’s Tea production during the month of October has fallen substantially to record a 5 year low.

During the month, Sri Lanka has produced 23.6 million Kilograms of tea which is a drop of 4.1 million Kilograms compared to the year 2010 October.

“In fact it is the lowest crop recorded for an October since 2006” announced the weekly tea market report released by John Keells Tea Brokers.

According to the Broker, the shortfall for the month has come mainly from Low Grown Tea with a negative variance of 2.9 Mkgs followed by High Grown Tea accounting for 0.786 Mkgs and Medium Grown Tea by 0.494 Mkgs.

John Keells Tea Brokers says Sri Lanka’s to date production in 2011 stands at 269 Mkgs compared to 276 Mkgs produced by the end of October 2010 or the first 10 months of the year.

The Tea Broker also points out that the country’s total tea production during this year is likely to fall short compared to last year’s crop of 331 million kilograms, by around 2%.