July 11, 2024 | economynext |
Hayleys Nature Nest (PVT) Ltd, a new subsidiary of Hayleys Plc, has partnered with Sri Lanka’s Board of Investment to produce frozen concentrated coconut water for export.
"Hayleys Nature Nest (PVT) Ltd. has signed with BoI to produce frozen concentrated coconut water for export, with a US$5.378 million investment," announced BoI on platform X (Twitter).
Sri Lanka, a major exporter of coconut products, annually produces around 3,500 million coconuts, covering about 12% of its agricultural output.
Climate change may impact future coconut yields.