Category: Agriculture

NAIROBI, Oct 30, 2006 (AFP) – Kenya’s tea production surged eight percent in the third quarter of this year from last but remains below the 2005 cumulative total due to the lingering effects of a killer drought, officials said Monday. Production shot up between July and September to 75 million kilos (165 million pounds million […]

Oct 19, 2006 (LBO) – The European Union has lifted year long restrictions on Sri Lanka’s cinnamon exports, following approval of a new standard for the spice.The disagreement stemmed from sulphur residue levels in Sri Lankan shipments, with the EU not having a fixed standard on allowable levels, until now. “Exports to Germany came to a […]

Oct 05 2006 (LBO) – Sri Lanka has shipped less value added teas for the eight months to August, as a key buyer Libya is yet to place any big orders, a commodity broker said Thursday.The island main export crop earned 56.48 billion rupees by shipping 218.13 million kilos from Jan-Aug, a growth of 12 percent […]

NEW DELHI, Oct 5, 2006 (AFP) – Tata Tea, the world’s second-biggest branded teamaker, said Thursday it has bought a 33 percent stake in leading South African tea firm, Joekels Tea Packers, as part of its global expansion drive.Tata Tea, part of India’s hotels-to-steel Tata conglomerate, has signed an agreement with Joekels Tea Packers, South […]

October 3, 2006 (LBO) – Indian tea giant Tata Tea is in talks with a Sri Lankan firm to sell off its plantation venture here, officials said.Tata has invested in Sri Lanka through a controlling stake in Sunshine Holdings Ltd, which in turn owns 51 percent in Estate Management Services (Pvt) Ltd, who controls 58.75 percent […]

Sept 28 (LBO) – Sri Lanka’s tea crop production dropped in August on a combination of bad weather and reduced use of fertilizer on estates due to soaring costs.Tea production in August dropped 11.7 percent to 21.8 million kilos over 24.69 million kilos the year before, as crops were hit by extended dry spells followed by […]

Sept 27, 2006 (LBO) – Sri Lankan agri-business company CIC on Tuesday launched an advisory company for plantation firms and smallholders, in efforts to up productivity and yields on local tea estates.Mohamed says that 40 percent of tea produced in the country is of low quality, based on reports from the Tea Commissioners Division, while adoption […]

Sept 18 (LBO) – High commodity prices could up the bargaining power of plantation worker unions, as talks with plantation companies to raise wages, begin next week.Trade unions representing 260,000 workers in plantation companies who are re-negotiating a 2-year collective agreement say they will factor in high prices companies enjoyed this year for tea and rubber. […]

GUWAHATI, India, Sept 1, 2006 (AFP) – India, the world’s largest tea producer, will boost tea imports to cover growing domestic demand despite an expected production shortfall blamed on a heat wave, officials said Friday. This year, the country is likely to increase tea imports to 25 million kilograms (55 million pounds) from last year’s […]

September 01, 2006 (LBO) – James Finalys & Company says its export revenues fell for the six months to June as the firm shipped more low value added bulk tea to overseas buyers. Finlays, one of Sri Lanka’s top tea exporters, also felt the pinch of rising prices at weekly tea auctions, as its island’s key […]

August 31, 2006 (LBO) – Sri Lanka’s tea output dipped 5.7 percent for the seven months to July but earned 50.89 million rupees by shipping the brew to overseas buyers over the same period last year, a commodity broker said. Production of Kenya’s largest export crept up 2.9 million kilos to 23.7 million kilos in […]

LONDON, Aug 25, 2006 (AFP) – Crude oil prices rebounded, while nickel hit a historic peak and coffee futures in London reached their highest level in seven years in a volatile trading week for commodities. On Friday, the Commodities Research Bureau’s index of 17 commodities finished at 336.20 points, up from 330.62 points the previous […]