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Plantation leases end in 19 years: Urgent reform needed
Sri Lanka's plantation industry faces a critical challenge with leases expiring in just 19 years, impacting tea and rubber production. The sector, crucial for national output and employment, struggles with rising costs and declining exports. Six key reforms are proposed to secure its future.
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Summary
Yet Sri Lanka's regional plantation companies have only 19 years remaining on their leases. Labour accounts for approximately 65% of production costs, while the Rs. This shift towards higher-value production is encouraging.