Sri Lanka coconut exporter wins agribusiness award

Aug 25, 2009 (LBO) – Renuka Agrifoods, a Sri Lankan exporter of value-added agro-based products, especially coconut, has won a top award for agribusiness. The company, a subsidiary of the listed Renuka Holdings, said in a statement it was named Overall National Winner (Gold Award) at the recent National Agribusiness Awards 2009.

It also clinched the Gold Award for Food Processor (Large) Category.

The awards were organised by the National Agribusiness Council, an umbrella group of 20 trade associations representing the agribusiness sector of the country.

Chairman of the National Agribusiness Council Asoka Gopallawa said one of the main criteria which led to Renuka Agrifoods winning the award was the contribution of its local inputs.

This led to a high degree of value addition which helped uplift the rural economy, he said.

Renuka Agrifoods has sales of a billion rupees, the statement said.

It is a big exporter of coconut-based food products such as coconut milk, coconut milk powder, low-fat desiccated coconut to over 60 countries.

Sri Lankan firms involved in the agribusiness trade together with farmers from all parts of