Tea industry:
‘Innovation, a must to survive’
by Sanjeevi Jayasuriya
The tea industry needs to market itself in the light of new world
trends affecting the trade. With Sri Lanka producing only a fraction of
the total tea produced in the world, the efficient marketing of ‘Ceylon
Tea’ is the only way to survive, a front line tea exporter said
recently.
“Sri Lanka has been producing tea for over a century. But we are not
the most efficient in the production of tea. When compared to other
tea-producing countries, our product per acre is lesser than many
others.
It is now imperative that we go for more efficient methods of
managing the industry. If this is done our yields will definitely
increase. With demand dropping in the world market we must think out of
the box and make our production methods more efficient and market our
brands internationally, said Chairman of the Tea Exporters Association
and HVA Foods PLC, Rohan Fernando.
The Tea Promotion Fund which now stands at Rs. 5 billion will be used
to promote local brands internationally. At present there are forty
brands willing to take their products to the international market. It
will be on a basis that half the cost is borne by the exporter and the
other half by the fund.
The most important fact is that tea must be used to make other
innovative products. There are several other products that could be
developed which will be value-added items in the market. Isotonic drinks
are one of the many tea products that can made and successfully
marketed.
“Today we sell an isotonic product made of king coconut water with
green tea extract and lemon which is very popular. With the health
benefits tea has to offer the innovations are endless,” Fernando
said.“Market trends will dip and rise as it always has. The industry now
must learn to develop new products and methods of making the industry
more productive to survive in the future,” he said. |