INTERVIEW-Sri Lanka tea earnings rise 40.3 pct in H1 2008

COLOMBO Wed Aug 6, 2008 7:34pm IST

COLOMBO Aug 6 (Reuters) - Sri Lanka's earnings from tea exports grew by 40.3 percent in the first half of 2008 from a year earlier due to higher prices and increased demand from the Middle East, a top official at the Sri Lanka Tea Board told Reuters on Wednesday.

"We have achieved an export revenue of $615.5 million in the first half of this year, compared to $438.6 million in the first six months of 2007," Lalith Hettiarachchi, the chairman of the Sri Lanka Tea Board, said in an interview with Reuters.

"We expect the full year revenue could go up to $1.5 billion, if the current increasing trend in prices and prevailing production conditions continue." ($1=107.8 rupees) (Reporting by Shihar Aneez; editing by Michael Roddy)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage