Category: Agriculture

Nov 03, 2008 (LBO) – Sri Lanka’s tea board said it plans to buy stocks at the Colombo auctions this week as well to help prop up the market after prices crashed and large stocks went unsold last month. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]

Oct 30, 2008 (LBO) – Sri Lankan tea production is expected to fall with a religious holiday stopping plucking this week and factories focusing on making better quality teas, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Demand also improved at the Colombo auctions after […]

BEIJING, October 30, 2008 (AFP) – A government in northeast China kept quiet the discovery of melamine-tainted eggs for weeks and ordered a media ban before Hong Kong authorities finally revealed the problem, state press said Thursday. The animal sanitation inspection department of Liaoning province suspected the tainted eggs came from chicken feed and ordered […]

Oct 28, 2008 (LBO) – Sri Lankan authorities are advising rubber cultivators to reduce supply in an effort to prevent prices which have fallen off record highs, from slumping further. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Rubber Research Institute director Asoka Nugawala said a short-term […]

Oct 28, 2008 (LBO) – Sri Lankan tea prices stabilized and more lots were sold at Tuesday’s Colombo auctions after the state-run Tea Board began buying in a market in a rare intervention, officials and brokers said.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Tea Board chairman […]

Oct 27, 2008 (LBO) – Sri Lanka’s state-run tea promotion and regulatory body will buy large stocks of tea at auctions in Colombo this week, in a bid to support prices, government officials and brokers said.

Oct 26, 2008 (LBO) – Sri Lanka’s government will guarantee loans from banks to the tea trade to revive the Colombo auctions where prices have plunged and half the teas remained unsold this week, industry officials said.The industry was also considering extending the time limit for settling cash payments for the sale of tea don […]

Oct 25, 2008 (LBO) – In Sri Lanka’s deep south, small tea farmers are feeling the pinch from a collapsing commodity bubble, as a worldwide meldown of financial and asset prices gathers momentum on a long expected deflationary collapse. The brokers are running a sophisticated finance business, managing the risk of independent factories and effectively […]

Oct 24, 2008 (LBO) – Sri Lanka’s Tea Board Friday said it was advising producers to manufacture only good quality tea and reduce output in an effort to stabilise prices which have crashed in recent weeks.About half the volume of low grown teas remained unsold at the auction this week, creating cash flow problems for […]

Oct 23, 2008 (LBO) – Sri Lanka is offering a fertilizer subsidy to small tea farmers three times a year, at a cost of 4.7 billion rupees a year, officials said, while Colombo tea prices slid on a commodity bubble collapse. Sri Lanka’s populist vote-buying subsidies have been blamed for the large budget deficits in […]

Oct 23, 2008 (LBO) – Sri Lankan private tea factory owners are asking for a six billion rupee bank over draft bailout package to help them get over the crisis caused by the crash in prices. “The sudden, massive drop in prices and large quantities of that category of teas offered remaining unsold either because […]

Oct 22, 2008 (LBO) – A top Sri Lankan agro enterprise has warned that state controls of prices would block quality gains of agricultural produce with government slapping price ceilings on rice in the wake of a global bubble in April. “In the question of price control of rice what has happened is that you […]