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Three records for Sri Lanka Tea

Dec 19, 2010 4:29:53 AM - itnnews.lk

Sri Lanka’s tea industry is set to achieve 3 records during this year.

According to a leading Tea Broker, the local tea industry will achieve the highest production levels, the highest export earnings and also the highest “net sale average” during this year 2010. Earnings from the export of tea are expected to reach 1.5 Billion US Dollars in 2010. Total tea production which up to November stood at 302 million kilograms, will reach a record figure of 324 million kilograms at the end of this year. The previous high was 318 million kilograms achieved in year 2008. According to the broker, the “net sale average” for Ceylon tea is also expected to reach a record figure during this year. Ceylon tea has got a better price than the Kenyan tea during this year. He added that apart from that, good weather and the fertilizer subsidy for tea small holders too has helped the industries growth in 2010.