In the first four months of this year, tea export earnings increased to Rs 81 billion - State Minister
Colombopage , 2021-09-10
Sept 10, Colombo: Due to the promotion of the use of organic fertilizers and its international recognition, tea export earnings increased to Rs. 81 billion in the first four months of this year, according to Ajith Nivard Cabraal, the State Minister of Money & Capital Market and State Enterprise Reforms.
State Minister of Finance Ajith Nivard Cabraal told Dinamina yesterday (9) that the foreign exchange earnings from tea exports in the first four months of this year had increased by Rs. 17 billion compared to the first four months of 2019.
There is a huge demand not only locally but also in foreign markets for agricultural products made from organic fertilizers instead of chemical fertilizers.
Reportedly, tea exporters are confident that if the Ceylon Tea reputation is transformed into an organic product, Ceylon Tea will be able to sell at twice the current price per kilo in the international tea market.
This is confirmed by the fact that a kilo of exported tea has fetched more than Rs. 83 extra in the past few months, he said.
Accordingly, setting the highest price of US $ 4.82 per kilo of Ceylon Tea in the market makes the future target of using organic fertilizer clear, he said.
If the government’s decision not to mix local tea with foreign tea and the use of organic fertilizer continues, the amount of foreign exchange earned from tea exports will double in a short period of time, the State Minister said, citing statistics.
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