Sri Lanka

Sri Lanka officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent in South Asia. Known until 1972 as Ceylon, Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar, the Palk Strait, and lies in the vicinity of India and the Maldives. As a result of its location in the path of major sea routes, Sri Lanka is a strategic naval link between West Asia and South East Asia.[10] It was an important stop on the ancient Silk Road. Sri Lanka has also been a center of the Buddhist religion and culture from ancient times, and is one of the few remaining abodes of Buddhism in South Asia along with Ladakh, Bhutan and the Chittagong hill tracts. The Sinhalese community forms the majority of the population; Tamils, who are concentrated in the north and east of the island, form the largest ethnic minority. Other communities include Moors, Burghers, Kaffirs, Malays and the aboriginal Vedda people.

Sri Lanka is a republic and a unitary state which is governed by a semi-presidential system with its official seat of government in Sri Jayawardenapura-Kotte, the capital. The country is famous for the production and export of tea, coffee, coconuts, rubber and cinnamon, the last of which is native to the country. The natural beauty of Sri Lanka has led to the title The Pearl of the Indian Ocean. The island is laden with lush tropical forests, white beaches and diverse landscapes with rich biodiversity. The country lays claim to a long and colorful history of over three thousand years, having one of the longest documented histories in the world. Sri Lanka’s rich culture can be attributed to the many different communities on the island.

Sri Lanka is a founding member state of SAARC and a member United Nations, Commonwealth of Nations, G77 and Non-Aligned Movement. As of 2010, Sri Lanka was one of the fastest growing economies of the world. Its stock exchange was Asia’s best performing stock market during 2009 and 2010.

Pepper in sri lanka

In 2019, pepper production of Sri Lanka was reported with a slight 4% decrease as compared to 2018 at 19,360 Mt.

2019 saw the significant decrease of pepper export by Sri Lanka as it recorded a 40% drop to 7,813 Mt as compared to 2018. However, when compared to the average export by Sri Lanka for the past ten years, export in 2019 was lower by 31%.

Furthermore, Sri Lanka was also reported to have exported a quite significant amount of value-added product in 2019, 65 Mt of pepper oil and 300 Mt of pepper oleoresin

As the main destination for Sri Lankan pepper, India was reported to have imported a total of 5,440 Mt contributing to 80% share of the total pepper export by Sri Lanka. Other main destinations for Sri Lankan pepper were reported to be Germany, Ukraine and United States of America.

Description 2019 2015 Averge
(2015-2019)
Area under pepper (ha) 41,241 31,670 36,826
Pepper Production (mt) 19,360 28,117 23,144
Pepper Export (mt) 7,813 16,657 11,775
Export Earnings from pepper (USD’000) 46,275  143,618 83,967
Import of pepper (mt) 153 80 1,054
Domestic Consumption (mt) 11,205 9,115 10,382
Exchange Rate (LKR/USD) 178.75 135.94 155.06