Export of coconut milk earns Rs.2971Mn. income in Feb.

The Coconut Development Authority states that an amount of Rs.2971 million was earned in the month of February 2024 by exporting coconut milk.

In the year 2023, when coconut milk was exported, 4366 metric tons were exported in the month of February and an income of Rs.2401 million was earned.

According to the report on exports issued by the Central Bank on a monthly basis, the income earned by exporting 6739 metric tons of coconut milk in the month of February 2024 is Rs.2971 million.

In terms of the amount of coconut milk exported, it has increased by 2373 metric tons in the month of February 2024 compared to 2023 and the income from exports has also increased by 570 million rupees.

Coconut yield also increased due to the rain that followed a prolonged drought last year. Also, from last November until now, coconut production has shown a high growth every month.

Coconut production in Sri Lanka has increased by 22 percent in November 2023, 5 percent in December, 18 percent in January 2024 and 25 percent in February.

In the year 2023, the total production of coconuts has exceeded 3000 million coconuts and the amount of coconuts allocated for industries is 1380 million coconuts.

However, the Coconut Development Authority says that the income from coconut exports will rise to one billion dollars for the first time this year.

This information was revealed in a discussion held with the Minister of Agriculture and Plantation Industries, Mr. Mahinda Amaraweera.

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