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Tea Exporters set target of 5B Rupees by 2020

Aug 22, 2011 5:51:18 AM - itnnews.lk

Tea exporters have accepted the challenge of an export target of Five Billion Dollars by the year 2020.

The President of the Tea Exporters Association said tea has been a part of Sri Lanka for the past 145 years. The island’s tea production has been around 310 to 330 million kilos throughout the past 10 years barring 2009 and accounting for around 11 percent of the global production and 19 percent share of Sri Lanka’s global exports.

The Chairman of the Tea Exporters Association pointed out that some of the biggest challenges the industry was confronting were sustainability, the need for exporters to have confidence on the supply sources and the health of the overall plantation sector.