Article: Coconut export earnings increase by 56%

Article from:
The Sunday Observer
Article date:
May 25, 2009
Copyright

Colombo, May 25 -- Coconut sector posted 56 percent increase in export earnings during the first quarter of 2009.

According to the Chairman CDA Keerthisiri Weerasinghe, the Coconut sector in Sri Lanka was able to showcase a 56 percent growth in export earnings to register 7.417 million rupees from exports of coconut products in first quarter 2009 against the corresponding period in 2008. This achievement was made possible despite the global recession and prevailed negative sentiments.

Although number of coconut kernel based industries struck badly due to severe shortage of raw material during the first quarter of 2008, things backed to normal after May 2008 and supply situation remained ...

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