Tea and Rubber sector gathers momentum

Local tea and rubber industries have begun to boom giving a new life to the industry which suffered temporary setbacks due to the global economic recession, industry sources revealed. Sri Lanka tea is now fetching a good price for all qualities while natural rubber produce has gained much in the international market.

The Plantation Industries Ministry is providing all assistance and incentives to keep the upward trend on the increase to attract more foreign exchange to the country. Tea trade sources said the current market prices looked attraxtive and the need was more production to meet the demand. The rubber industry has gained much with demand from the west and also from neighboring India which seeks natural rubber from the island.