Category: Agriculture
Sri Lanka to develop IT platform for tea with Rs220mn
Oct 19, 2016 (LBO) – Sri Lanka is to introduce an industry-wide and real-time IT solution to integrate functions associated with tea in order to improve productivity and quality across the industry. The proposed IT backbone will acquire, store, analyze and report on industry-related data and will integrate the entire value chain with efficient monitoring […]
Sri Lanka tea sees fair demand at auction
Sep 15, 2016 (LBO) – Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers said. “Low Growns totalling 2.7M/Kgs in Leafy/Tippy catalogues met with good demand,” Forbes and Walker Tea Brokers said in a report. “In the Leafy catalogue OP/OPA’ s gained Rs.10-15/- per […]
Finance Ministry to facilitate purchasing system for farmers
Sep 06, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government has taken steps to drive the traditional agriculture based economy into manufacturing economy with foreign investments that create one million job opportunities in times to come. “It is needed to shift the policy of protectionism given for agricultural produce into […]
Better demand for Sri Lanka low growns, Jan-July tea production down
Sep 01, 2016 (LBO) – Sri Lanka’s tea prices in overall auction offerings were marginally lower with better demand for low grown and mid to high grown prices easier, Forbes & Walker Tea Brokers said in their latest report. “Low Grown varieties together with the leafy teas from the high and medium grown elevation continued […]
Sri Lanka’s tea industry opposes state interference to use levy
Aug 29, 2016 (LBO) – Sri Lanka’s tea industry players have opposed the Finance Ministry’s move to appropriate the funds accumulated by Tea Board, collected from the industry, for global tea promotion. Releasing a statement, six associations in the tea industry appealed to the Government to reconsider what they called an ‘unfair’ action in deference to […]
Weather to impact Sri Lanka’s tea output in 2016: report
Aug 26, 2016 (LBO) – The impact of extreme weather conditions continues to take its toll on Sri Lanka’s tea crop which is now clearly poised to show a significant negative variance over last year, Forbes & Walker Tea Brokers said in their latest report. “The 33rd sale which concluded had on offer 5.3M/kgs. In […]
Sri Lanka to subsidize smallholder tea, rubber and coconut fertilizer
Aug 24, 2016 (LBO) – Sri Lanka’s cabinet has approved a fertilizer subsidy for tea, coconut and rubber smallholders who own cultivated land in extent of two hectares or less, in proportion to the extent of land cultivated annually.The proposal was made by Navin Dissanayake, minister of plantation industries, to increase the current extent of […]
Sri Lanka tea output dips 14.3-pct in June, Will miss full year target: Tea Board
COLOMBO, July 27 (Reuters) -Sri Lanka’s tea output in June fell 14.3 percent from a year earlier because of heavy rain the previous month, a media report said. Production in the first six months has fallen by 11.1 percent , a Reuters report said. “There was heavy rain in May and that is the main reason for […]
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) – Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in their latest report. “Overall quality of teas, both from the Western and Eastern planting districts showed an improvement and consequently recorded a price appreciation of Rs. 20/- […]
DIMO to expand Agriculture-related businesses under “DIMO Agri” brand
Diesel and Motor Engineering (DIMO) PLC, one of the leading automobile companies in Sri Lanka, is aiming to expand its presence in the agriculture sector, while creating a new identity as “DIMO Agri” in the industry. DIMO Agri Machinery Division brings world’s best engineered agri-based brands such as Mahindra Tractors, CLAAS Harvesters and has supported […]
World Bank approves USD125mn credit to modernize Sri Lanka agriculture
June 30, 2016 (LBO) – The World Bank has approved a 125 million US dollars credit from the International Development Association to assist Sri Lanka in modernizing its agriculture sector. The project will be implemented through the Ministry of Primary Industries, the Ministry of Agriculture, and five participating provinces, including the Northern, Eastern, Central, North-Central […]
Ford partners and JEN to support 50 families in Kilinochchi
Ford Motor Company, represented in Sri Lanka by Future Automobiles, a subsidiary of Softlogic Holdings, has awarded a grant to JEN (Japan Emergency NGO) to carry out an agricultural livelihood project in Kilinochchi. Utilising the funding from Ford, JEN will be able to assist people who have returned from displacement regain their livelihood through agriculture. […]