Category: Agriculture

June 16, 2011 (LBO) – Sri Lanka’s Bairaha Farms, a poultry firm said it is building a 360 million rupee modern broiler farm in the northwestern Puttalam district to increase its production by 15 percent over the next three years. In 2010 prices surged. “Being of a cyclical nature, the poultry business is characterised by […]

June 12, 2011 (LBO) – Sri Lanka has earned 22. 1 billion rupees from taxes imposed on several basic foods imported in to country in 2009, with sugar and milk powder bringing in the most amount of money, a media report said. The Island newspaper said the information was tabled in parliament in response to […]

June 10, 2011 (LBO) – Sri Lanka’s Haycarb has called for a long-term strategy to expand coconut plantations to ensure raw material availability to make activated carbon and said it is diversifying into wood- and coal-based carbons. Shortages of coconut shell charcoal, which account for almost 65 percent of the firm’s cost of production, and […]

DUBAI, June 8, 2011 (AFP) – Exotic and organic teas are wooing tea drinkers and challenging traditional black tea’s dominance as never before, tea industry experts say, as a tea factory in Dubai bids to become the world’s largest. The shift in global tea-drinking trends is felt at the Jebel Ali Free Zone, despite it […]

June 07, 2011 (LBO) – Sri Lanka’s Expolanka Holdings group said a lentils splitting plant owned by a subsidiary has been fully automated in a 350,000 US dollar upgrade designed to meet increasing local and international demand. The upgrade of the plant, located in Wellampitiya in Colombo, included the addition of a colour sorting machine […]

June 06, 2011 (LBO) – Sri Lanka’s regional plantations companies and estate labour unions have agreed to renew a two-year wage deal with a worker’s basic wage being raised to 380 rupees from 285 previously. Muthu Sivalingam, president of the Ceylon Workers Congress, the biggest union, told Vimasuma.com, our sister news website, that under the […]

June 05, 2011 (LBO) – Sri Lanka’s Ceylon Fisheries Corporation, a state enterprise that retails fish has lost 59 million rupees in 2010 and has to better manage assets such as cold stores and freezer trucks, a finance ministry report said. The firm had the challenge of playing a ‘market stabilizer’ role with a market […]

May 30, 2011 (LBO) – Sri Lanka’s Kegalle Plantations, which gets most of its revenues from rubber, said profits rose 14 percent to 270 million rupees with revenues growing 30 percent to 900 million rupees. Tea is a most labour intensive crop compared with rubber or coconut. The firm was charged 197 million rupees in […]

May 30, 2011 (LBO) – Sri Lanka’s CIC Holdings group said net profit for the financial year to March 2011 rose 58 percent to 929 million rupees from a year ago driven mainly by its agriculture and livestock business. Sales rose 27 percent to 21 billion rupees, the company said in a stock exchange filing. […]

May 27, 2011 (LBO) – Sri Lanka has told a regional fish management body that it is cracking down on illegal fishing that is seen hurting efforts to prevent over-exploitation of fish stocks and conservation. The crackdown comes in the wake of concern that illegal fishing hurt management measures aimed at controlling and monitoring fish […]

May 24, 2011 (LBO) – Sri Lankan tea production is increasing despite a downturn in April compared with a year ago with annual output expected to hit a new high. Tea production fell 5.6 percent to 28.5 million kilos in April from a year ago when output had been boosted by favourable weather and high […]

May 24, 2011 (LBO) – Sri Lanka’s listed Watawala Plantations said profits rose 49. 6 percent to 642 million rupees in the year to March 2011 with revenues growing 9.0 percent amid higher commodity prices and profits from its retail unit. Managing director Vish Govindasamy said higher rubber prices pushed profits from the division to […]