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| Sunday, 22 May 2005 |
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| News Business Features Editorial
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Tea exports still top earner for Lanka John Keells Limited said that Sri Lanka's net tea exports are on par with the country's net apparel exports. This was one of the findings reported in its recently published study of the country's internationally renowned tea industry titled 'Tea Review 2004'. The report said that although the Government recognised the importance of agriculture in its annual budget process, fiscal levies are pushing the plantations to non-viability. Multilateral donor funding too has not reached the plantations adequately. In spite of these challenges, the plantations sector continues as a significant contributor to job creation. It has also been found that "Ceylon Tea" is the world's best and cleanest. Tea production has increased to 308 million kilograms per year and average tea prices reached Rs. 180.74 per kg. Export earnings from tea had increased to Rs. 74.8 billion. Last year also saw tea exports passing the 300 million kilogram mark. The Low grown teas had enjoyed a record harvest that stood at over 183.9 million kilograms. The CIS remained Sri Lanka's largest export market and Ceylon Tea
averaged the highest price in the world market. Commenting on the
publication at the presentation ceremony, Niraj De Mel, Chairman of the Tea
Board said, "John Keels Limited should be congratulated for researching and
publishing this useful industry booklet". |
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