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

Market Eye

REUTERS SHOWCASE

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Microsoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Photo

Food Scandal

Five held in China food scandal probe, including head of Shanghai Husi Food   Full Article 

Reuters India Mobile

Reuters India Mobile

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