Category: Agriculture
Sri Lanka to implement capital loan scheme for tea; guaranteed price for rubber
June 26, 2015 (LBO) – Sri Lanka’s cabinet has decided to implement a capital loan scheme for the tea industry and a guaranteed price scheme for the natural raw rubber. The capital loan scheme will be implement for all owners of tea industries through all State and Commercial Banks. The Cabinet has approved to provide […]
ADB gives USD453mn loan for dry zone water projects
June 26, 2015 (LBO) – The Asian Development bank is to grant a loan of 453 million US dollars to help deliver surplus water from the Mahaweli river basin to the dry zone, a statement said.“Sri Lanka has abundant water resources but they are not distributed evenly across the country,” Lance Gore, ADB Water Resources Specialist said in the […]
Sri Lanka’s government will support agriculture to strengthen local economy: President
Apr 22, 2015 (LBO) –Sri Lanka’s government will support agricultural based industries in order to build the Island’s economy, President Maithreepala Sirisena, said in a statement.“The government will give priority to build a local economy based on agriculture,” the President was quoted saying in a statement released by his office.The President was speaking at the […]
Sri Lanka™s tea industry under pressure due to high costs
Oct 30, 2014 (LBO) – Sri Lanka™s Ceylon Tea is in its death spiral due to higher cost of production and wages and, needs more value addition, marketing and branding to uplift the industry to its former glory, an industry official said. Ceylon tea still has its position for quality but it is under severe […]
Sri Lanka Planters™ Association says sustainability of tea industry in the hands of workers
Oct 30, 2014 (LBO) – Sri Lanka planter association estimates increase of two kilograms in the daily plucking average of tea of each worker can bring down unit cost of production by 30 rupees or 6.5 percent and significantly boost Sri Lanka™s entire plantation industry and benefit all stakeholders by bringing down the skyrocketing unit […]
Sri Lanka to minimize the application of Agro chemical in agriculture
September 05, 2014 (LBO) – Sri Lanka cabinet has given approval to the progamme of work to minimize the application of agro chemicals in agriculture in the Island, a statement said. The programme was submitted to the Cabinet by Mahinda Yapa Abeywardena, Minister of Agriculture. Sri Lanka imports 8000 metric tons of agro chemicals and […]
Sri Lanka arrests Indian fishermen after Modi talks
COLOMBO, June 1, 2014 (AFP) – Sri Lanka’s navy said Sunday it had seized 29 Indian fishermen, the first arrests since President Mahinda Rajapakse and India’s new premier held talks on resolving the thorny issue of poaching. The navy arrested the Indians along with six trawlers off the island’s northwest coast on Sunday, a navy […]
‘s Noorani Estates plans expansion, possible listing
May 30, 2014 (LBO) – Sri Lanka’s Noorani Estates (Pvt) Ltd, a poultry firm that operates under the brand Nelfarms is planning to invest over one billion rupees over three years to expand, with a possible stock exchange listing also on the cards, a top official said.“We are very bullish about the industry,” Noordeen Sethwala, […]
Talawakelle Plantations, Sri Lanka March net down 60-pct
May 08, 2014 (LBO) – Profits at Sri Lanka’s Talawakelle Plantations Plc, fell 60 percent to 34 million rupees in the March 2014 quarter from a year earlier as margins on tea estates declined and hydro power revenues fell, interim accounts showed.The group reported earnings of 1.44 rupees per share for the quarter. Revenues rose […]
Sri Lanka poultry feed mill group in the red
May 07, 2014 (LBO) – Sri Lanka™s Ceylon Grain Elevators group, which has interests in feed milling and poultry said it lost 7.8 million rupees in the March 2014 quarter as demand for feed fell, though day old chick demand was recovering. But subsidiary Three Acre Farms which sells day old chicks said profits rose […]
Sri Lanka to get New Zealand support for dairy sector
May 5, 2014 (LBO) – Sri Lanka is looking at ways to improve its dairy sector with New Zealand following a visit by a delegation which met industry officials in the island, a trade chamber said.New Zealand is a top dairy exporter in the world. Ceylon Chamber of Commerce said a delegation with officials from […]
Agalawatte Plantations to boost oil palm in Sri Lanka
May 04, 2014 (LBO) – Agalawatte Plantations, a unit of Sri Lanka’s Mackwoods group said it will expand its oil palm cultivation which had become a key contributor to gross profits in 2013, amid declining rubber prices and weather affected tea. Palm oil crop had increased to 7.4 million tonnes in 2012 up from 6.8 […]