Category: Agriculture

Oct 26, 2012 (LBO) – Sri Lanka is to set up a training centre to train cinnamon peelers with foreign aid and improve production standards that will help boost exports, officials said. Sarada de Silva, chairman of the Spice Council, an industry body, said the main outcome of the project will be the establishment of […]

Oct 25, 2012 (LBO) – Sri Lanka’s Watawala Plantations said it made profits of 186 million rupees in the September 2012 quarter, turning around from a loss of 16. 8 million rupees helped by palm oil. The firm reported earnings of 79 cents per share for the quarter. For the six months to June 2012, […]

PARIS, Oct 20, 2012 (AFP) – It can be green, black, white or red and, after water, is the most widely consumed drink on the planet. Like a wine sommelier, she speaks of “the spirit of tea”, its tastes, its odours — up to 600 in a single tea. She conducts a meticulous ritual to […]

Oct 19, 2012 (LBO) – Sri Lanka’s Asia Siyake Commodities, a tea broking firm is buying rubber brokerage connected to some of its directors for 7. 1 million rupees, the firm said in a stock exchange filing. Siyake Produce Brokers (Private) Ltd, has a license issued by Sri Lanka’s Rubber Control Department the statement said. […]

Oct 14, 2012 (LBO) – Coco Lanka Ltd, a food processing and exporting firm said it was making a billion rupees cash call on shareholders to move into fast moving consumer goods retailing and become a holding company. Directors have resolved that both deals “do not constitute major transactions as defined by section 185 of […]

Oct 09, 2012 (LBO) – Mlesna, a top Sri Lankan tea brand, has begun advertising using displays on a new taxi service, aiming to popularise the island’s best known export among local consumers. Mlesna Tea founder Anselm Perera said he wants to make tea drinking more popular among local consumers and raise awareness about the […]

Oct 04, 2012 (LBO) – A severe drought has damaged tea plants in key Sri Lankan growing regions causing crop losses and cash flow problems for some plantations companies already grappling with high production costs. A statement from the Planters’ Association, which represents listed plantation companies, said some factories had been forced to close owing […]

Oct 03, 2012 (LBO) – Nestlé Lanka, a unit of Swiss based Nestlé said it had collected five million litres of milk from domestic farmers, which was the highest monthly collection to date. The firm collects milk from 18,000 dairy farmers in rural Sri Lanka. “Developing and contributing to Sri Lanka™s rural economy has always […]

Aug 20, 2012 (LBO) – The Japanese government handed over a 11.7 million rupee ($90,000) grant to a community development organization to revive agro-based livelihoods in the conflict affected Vavuniya district, in the north of the island. People™s Livelihood Development Foundation (PLDF) Monday received the 11.7 million rupee grant under Japan™s Grant Assistance for Grassroots […]

Aug 17, 2012 (LBO) – Sri Lanka is to hold the 40th International pepper conference in Colombo later this, Cabinet spokesman Keheliya Rambukwella said. Sri Lanka produces some of the best high quality sought after pepper, which have been sought after buy foreign citizens for centuries. Pepper is cultivated over an area of 32,800 hectares […]

July 23, 2012 (LBO) – Tea Smallholder Factories Plc, a unit of Sri Lanka’s John Keells Holdings had posted 23. 9 million rupees in profits in the June 2012 quarter, turning around from a loss of 9. 1 million rupees a year earlier. The firm reported earnings of 80 cents a share for the quarter. […]

May 16, 2012 (LBO) – October rubber futures in Tokyo fell to a 4-month low of 265 yen a kilogram (3,317 dollars a tonne) before settling at 270. 1 yen on the Tokyo Commodity Exchange, a media report said. Bloomberg newswires said rubber was still up 2. 5 percent in 2012. September futures on the […]