Sri Lanka awaits figures on record year
Sri Lanka Tea Board expects tea production to exceed 320 million kilograms in 2010 - an all-time high. Previous record was achieved in 2008 with 318 million kilograms. Low-grown tea makes up almost two-thirds of the volume, whereas the superior high-grown crop constitutes a quarter of the total output. Revenue generated by tea exports is also expected to reach a new record at approximately $1.5 billion. Major export regions for Sri Lankan tea are Middle East, accounting for half of the volume, and the Russian Federation at 25%. The Tea Board plans to target the US and China markets in 2011.