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In 2015 alone, Sri Lanka’s spice exports amounted to USD 377 million, up from USD 264 million the previous year. Sri Lanka’s most famous export, cinnamon is the island’s premier spice export. Industry insiders classify the spice into two forms, Ceylon cinnamon (Cinnamomum Zeylanicum), and Cassia Cinnamon. Ceylon cinnamon is the costlier ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
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]
The Department of Agriculture (DOA) functions under the Ministry of Agriculture of Government of Sri Lanka is one of the largest government departments with a high profile community of agricultural scientists and a network of institutions covering different agro ecological regions island wide. DOA focuses on maintaining and increasing ...
Hence, a very small proportion of the farmland is solely devoted to livestock production. In Sri Lanka, livestock sector contributes around 1.2% of the national GDP. Livestock is spread throughout all regions of Sri Lanka with concentrations of certain farming systems in particular areas due to cultural, market and agro-climatic reasons.
The Princess Royal’s three-day visit to Sri Lanka is the royal family’s first overseas tour of 2024, King outlines challenges facing the world in letter to Sri Lankan president Skip to main ...
The Mahaweli Development program (Sinhala: මහවැලි සංවර්ධන වැඩසටහන) is known as the largest multipurpose national development program in the history of Sri Lanka and is also considered the keystone of the government's development program that was initiated in 1961.
Sri Lanka's security forces abducted men and women from the ethnic Tamil minority and tortured them in custody long after the end of a bloody civil war in the South Asian island nation, a human ...