Category: Agriculture

Oct 21, 2008 (LBO) – Sri Lankan tea auction prices tumbled Tuesday amidst a collapsing global commodity bubble, though brokers said volumes picked up and an approaching winter was likely to bring more buying interest.“We’re confident that, while the market won’t go back to pre-currency drop rates, demand will pick up and stocks will begin […]

Oct 17, 2008 (LBO) – Sri Lankan tea prices fell on lower demand at the Colombo auctions this week, continuing a downward trend that mirrors the slump in global commodities, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The lower prices means lower […]

TAIPEI, September 26, 2008 (AFP) – Taiwan’s Pizza Hut said Friday it had pulled grated cheese from its outlets after they were found to contain unacceptably high levels of the industrial chemical melamine. “Our delivery shops island-wide have stopped supplies of the grated cheese after tests for melamine showed higher than the allowed levels. We […]

Sept 24, 2008 (LBO) – Sri Lanka’s Hayleys group plans to increase high value vegetable cultivation for export after a pilot project with US aid put farmers in a position to supply top food brands like McDonalds and Unilever.The Hayleys Group is the sole exporter of gherkins from Sri Lanka, processing more than 8,000 tonnes […]

COLOMBO, September 25, 2008 (AFP) – Sri Lanka’s tea exports rose more than 40 percent in the first eight months of the year and are on track to earn a record 1.4 billion dollars this year, the tea board said Thursday. Sri Lanka is the world’s fourth-largest producer of tea behind China, India and Kenya. […]

Sept 18, 2008 (LBO) – Sri Lankan natural rubber prices have come off their highs after oil prices plunged but are likely to remain strong with demand from emerging economies like India and China, an equities research report said. Prices of plantations stocks rose in recent months on the back of a global commodities boom […]

Sept 15, 2008 (LBO) – Sri Lanka’s University of Colombo is starting an online agro technology degree program for rural farmers, with a pilot project already showing spectacular results, a senior academic said. The university will first start a certificate level course leading to a diploma and eventually a Bachelor of Science (B.Sc) degree. Each […]

Sept 05, 2008 (LBO) – Sri Lankan tea export earnings hit a new high up to July this year with strong demand continuing from the oil exporting regions of the Middle East and Russia, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Brokers Asia Siyaka […]

Sept 02, 2008 (LBO) – Two of the world’s biggest tea exporters, Sri Lanka and India, have signed an agreement on tea imports into each other’s countries, news reports said. Sri Lanka tea industry officials also said exports of Ceylon tea to India had for long been held up by red tape and other restrictions […]

Aug 30, 2008 (LBO) – Sri Lanka’s tea trade plans to hold a charity auction of specialty teas as part of efforts to penetrate the fast growing market in the United States, industry officials said. The Tea Board got 410 entries for the competition representing seven agro-climatic regions in which different types of teas are […]

Aug 27, 2008 (LBO) – Exports of cloves from Sri Lanka are seen hitting a record 5,000 tonnes this year with earnings exceeding three billion rupees, a trade body said. Chatoor said a close watch was being kept on cloves exports by the authorities to prevent cloves from other countries being sent to India under […]

Aug 22, 2008 (LBO) – Sri Lanka’s tea production is continuing to increase with the July crop hitting a new high, with low grown teas much in demand in the Middle East and Russia, rising sharply, brokers said.The output for the seven month period was also a new high with the previous record being 190.7 […]