Category: Agriculture

May 20, 2011 (LBO) – Sri Lanka’s Tea Board aims to hire an international agency for global surveillance of the island’s Ceylon tea brand under the ‘Lion’ logo to prevent its misuse and sale of counterfeits, an official said. The planned action comes in the wake of the island launching new logos for Ceylon tea […]

May 19, 2011 (LBO) – The United States Agency for International Development (USAID) is giving a 1. 5 million grant under its Food for Peace (FFP) programme to help more than 22,000 flood victims in eastern Sri Lanka. Under the programme the US development agency will assist flood victims by paying them to repair small-scale […]

May 16, 2011 (LBO) – High rubber prices have helped Sri Lanka’s Kelani Valley Plantations increase March 2011 quarter net profit by 120 percent to 246 million rupees from a year ago. Earnings per share for the March 2011 quarter were 7. 24 rupees compared with 3.29 rupees the previous year. Sales of the firm, […]

May 13, 2011 (LBO) – Sri Lankan tea prices fell at the Colombo auctions this week mostly because of lower quality and larger volumes in some categories and while trouble in the Middle East also had some effect, brokers said. “Until such time normalcy returns to the Middle East, it is unlikely that Low Grown […]

May 13, 2011 (LBO) – Sri Lanka, the world’s biggest exporters of cinnamon, needs 10,000 more peelers to overcome an acute shortage of labour, members of the trade have told the ministry of industry and commerce. Of the 30,000 hectares of cinnamon grown in Sri Lanka, only one-fifth are peeled twice a year with 70 […]

May 11, 2011 (LBO) – Sri Lanka’s Three Acre Farms said March 2011 quarter group net profit was 41 million rupees compared with just half-a-million rupees the year before although excess stocks forced it to cut prices. But there have been excess stocks in recent months after the government allowed chicken imports in the run […]

May 10, 2011 (LBO) – Sri Lankan poultry firm Ceylon Grain Elevators said March 2011 quarter net profit rose 64 percent to 94 million rupees from a year ago as gains from feed milling helped overcome high raw material prices. Sales grew 26 percent to 2.3 billion rupees during the quarter with earnings per share […]

May 08, 2011 (LBO) – Palm oil prices are likely to remain firm owing to growing demand from emerging markets like India and China, shareholders of Shalimar (Malay), a subsidiary of the Carson Cumbebatch group, have been told. Shalimar’s net profit for the financial year ending March 31, 2011 shot up 218 percent to 153 […]

May 06, 2011 (LBO) – Sri Lankan tea prices fell for the second week at the Colombo auctions with brokers warning that surging crops and a drop in quality could reduce prices further and bring down earnings of producers. “Overall a lower market,” Forbes & Walker Tea Brokers said in a report. “Auction offerings were […]

May 04, 2011 (LBO) – Sri Lanka has launched new logos for Ceylon tea to protect the island’s best known brand under the Geographical Indicators (GI) international trade regime and promote it as ozone friendly. The 1.5 billion US dollar Ceylon tea industry aims to use the new logos to market the tea as a […]

May 02, 2011 (LBO) – Sri Lanka’s Talawakelle Tea Estates said March 2011 quarter net profit rose nine percent to 72 million rupees from a year ago with lower tea earnings offset by gains from rubber and hydro power. Profits from mini-hydro power soared 319 percent to 29 million rupees during the quarter from seven […]

Apr 29, 2011 (LBO) – Larger crops following heavy rain and a drop in quality dragged down Sri Lankan tea prices at this week’s Colombo auction although the biggest harvest has eliminated a crop deficit, brokers said. “There was fair general demand mostly at lower levels for Low Grown varieties at this week™s auction,” Asia […]