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The annual per capita consumption of sugar in Sri Lanka is around 30 kg (66 lb) and the total annual requirement of sugar in the country is around 550,000 tons. In 2012, the country only produced 42,940 tons and imported 593,870 tons, [2] with only approximately 7% of the annual requirement produced locally. The balance requirement has to be ...
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Pelwatte Sugar Industries PLC is a Sri Lankan sugar manufacturing company, which is listed on the Colombo Stock Exchange. The main sugar factory of the group is located in Buttala in the Moneragala District, Uva Province, about 225 kilometres (140 mi) from Colombo to the east of the country. Pelwatte Sugar was incorporated on 19 February 1981 ...
Sugar Prices 1962-2022 USD per pound. The sugar industry subsumes the production, processing and marketing of sugars (mostly sucrose and fructose).Globally, about 80% of sugar is extracted from sugar cane, grown predominantly in the tropics, and 20% from sugar beet, grown mostly in temperate climate in North America or Europe.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
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Ceylon cinnamon is the costlier variety and is considered to be a much more upmarket product by those in the West. Sri Lanka exported USD 128 million worth of cinnamon in 2014, which accounted for 28% of global cinnamon exports for that year. [17] Black pepper is the second largest export spice in Sri Lanka. Most black pepper is exported to India.