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Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.The post Sri Lanka tea industry to fully recover next year, says minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA
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By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
By Elmo Leonard Sri Lanka’s mid-February dual hike of diesel by 37 percent and electricity for industry by 15 percent sent shock waves through the gamut of the island’s tea industry. As Sri Lanka celebrates 145 years of commercial tea plantations this year, the government’s boast is that the industry sustains 2 million of its population, directly and indirectly. The brag was echoed by Minister of ...
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