COLOMBO, Apr 21 (NNN-XINHUA) – Sri Lanka aims to double its coconut export revenue this year to 1.7 billion U.S. dollars, state media reported yesterday, citing the Coconut Development Authority (CDA).
CDA Chairman, Shantha Ranatunga, said, the country earned 854 million dollars from coconut exports last year.
Sri Lanka’s primary coconut exports include coconut oil, desiccated coconut, coconut milk powder, coconut cream, liquid coconut milk, coco peat, and activated carbon, he said.
However, Ranatunga noted that, the biggest challenge is the decline in coconut production, as year-on-year production fell by more than 30 percent in Dec, 2024, and Jan this year.
Despite the setback, he expressed confidence that yields will improve, due to measures currently being implemented by the government.– NNN-XINHUA
