Record tea revenue for Sri Lanka
Sri Lanka's Tea Board predicts that 2008 will be a record year in terms of tea revenues with an estimated $1.4 billion in sales. According to officials, the world's highest average auction price (at $3.06 per kilo - a 31% yearly increase), a lack of labor problems and increased production will contribute to record earnings. Tea is Sri Lanka's largest agricultural export, totaling 147 million kg last year.