Sri Lanka's tea producers warn 70% wage hike will hit industry
The $1.3 billion industry produces popular Ceylon Tea and employs about 615,000 workers. The island annually exports about 95% of the 250 million kilos of tea it produces
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The $1.3 billion industry produces popular Ceylon Tea and employs about 615,000 workers. The island annually exports about 95% of the 250 million kilos of tea it produces
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
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Sri Lanka's tea producers on Monday condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce dollar earnings essential for the island... -May 27, 2024 at 08:59 am EDT - MarketScreener