Sri Lanka, Feb. 3 -- President of the Coconut Milk Manufacturers' Association, Randeewa Malalasooriya says that the nation's coconut industry has the potential to bring in USD 2.5 billion as revenue up from the current industry average of USD 850 million.

Speaking to Ada Derana, Malalasooriya further stated that the country must improve the annual coconut production to 4.5 billion nuts in the long term while also focusing on the import of low value coconut products to produce value added coconut products for re-export purposes.

He also said that Sri Lanka must decrease the wastage of fresh coconut by adopting processed coconut food.

Malalasooriya, who stated that 50% of coconut industry revenue in Sri Lanka comes from kernel products, ...