In recent times, Sri Lanka has been moving away from its traditional exports like tea and rubber, exploring new avenues to make the most of its rich agricultural resources. Among the main agricultural exports, coconut is one such resource that has numerous opportunities. Coconuts, deeply ingrained in Sri Lanka’s agricultural heritage, are now at the forefront of this transformation. These produce contributes approximately 12% to the nation’s overall agricultural output.
Sri Lanka boasts an annual coconut crop of 2.8 to 3.2 billion nuts, according to CRI statistics. Yet, this abundance falls short of the annual requirement of 4.6 billion nuts, a demand driven by domestic consumption, coconut oil production and exports.