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Sri Lanka says tea exports earned record billion dollars

Feb 7, 2008 (AFP) - Sri Lanka earned a record one billion dollars from tea exports last year despite a drop in volumes, the island's tea board said Thursday.
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Sri Lanka's high quality aromatic teas are made with tender leafs and buds of the plant botanically known as Camellia Sinenis.
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Sri Lanka, the world's largest exporter of tea after Kenya, earned 1.

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03 billion dollars in 2007, compared to 881.2 million dollars in 2006, the Sri Lanka Tea Board said.
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"This is the first time our exports have surpassed a billion dollars in the 141-year-old tea industry," the board said.

In volume terms, exports of Sri Lankan tea known as "Pure Ceylon Tea" fell to 311.

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75 million kilos (686 million pounds) in 2007, down from 327.41 million kilos (720 million pounds) a year earlier.
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Russia and former Soviet republics were the largest market for Sri Lankan tea and accounted for nearly a fifth of the total tea exports.

"Liberalisation of tea markets such as Iran, Iraq and Libya will boost demand for Ceylon Tea this year," commodity brokers Asia Siyaka said.

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