US$ 3.5 billion tea exports targeted by 2030

  • Tue,13 Aug 2019 03:55:43 PM

Colombo, Aug 13 (BAN/ AD): As per sources in Tea traders Sri Lanka is targeting 3.5 billion U.S. dollars through its tea exports by 2030 and a tea production of 350 million kg.

Sri Lanka has taken measures to increase tea production as per Michael de Soyza, a former chairman of the Colombo Tea Traders' Association (CTTA). "Our target is 350 million kilograms of tea production and 3.5 billion US dollars in exports," de Soyza said.

According to government data, Sri Lanka's tea production has remained at around 300 million kilograms over the past two decades, with a peak 340 million kilogram crop in 2013, as the country's tea growing land has remained unchanged.

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