Category: Agriculture

June 02 (LBO) – Overheated rubber prices are expected to settle down from its recent high spell, brokers say, but stocks with high exposure to rubber will still be the cash cow this year. Top grades of crepe rubber, which makes up bulk of Sri Lanka’s rubber exports, is now selling at 395 rupees a kilo, […]

Apr. 26 (LBO) – Sri Lanka shipped 98.65 million kilos of tea in April to overseas buyers higher than 87.96 million kilos reported during the same period 2005, a commodity brokering house said Wednesday. Sri Lanka earned 814 million dollars from tea exports last year, up from 741 million dollars in 2004, Asia Siyaka said. Earnings […]

May 4 (LBO) – Sri Lanka’s tea crop shot up to a five year high of 76.54 million kilos for the three months to March boosted by good rainfall, a commodity brokering house said Thursday. Production in March alone was up 17.5 percent to 29.14 million kilos, largely driven by a 26.1 percent growth in low […]

Apr. 26 (LBO) – Sri Lanka shipped 75.0 million kilos of tea in March, over 70.3 million kilos in 2005, a commodity brokering house said Wednesday.Revenues from tea exports for March topped 19.2 million rupees, over 21.2 million rupees, reported in 2005, Asia Siyaka Commodity Brokers said. Majority of the export earnings came from bulk tea, […]

NAIROBI, Apr.25 (AFP) – Kenya’s tea sector is rebounding from a searing drought, with production of the country’s largest export shooting up 72 percent between February and March, officials said Tuesday. However, export earnings continue to suffer and the Tea Board of Kenya (TBK) said the huge boost was unlikely to make up for a […]

LONDON, Apr.25 (AFP) – The price of copper leapt to the highest-ever level here on Tuesday, spurred by massive investment and speculative demand.Three-month copper prices on the London Metal Exchange touched 7,040.00 dollars per tonne — the highest point since copper was first listed in its current format in 1870.The price of copper, used for […]

KUALA LUMPUR, Apr. 24 (AFP) – Rising demand that has pushed prices for natural rubber to record highs is raising fears world supplies will run short, experts said Monday at an international summit in the Malaysian capital. Growing demand has seen prices rise steadily for over a year, hitting 2.0 dollars per kilogram (2.2 pounds) […]

KUALA LUMPUR, Apr. 24 (AFP) – Rising demand that has pushed prices for natural rubber to record highs is raising fears world supplies will run short, experts said Monday at an international summit in the Malaysian capital. Growing demand has seen prices rise steadily for over a year, hitting 2.0 dollars per kilogram (2.2 pounds) […]

Mar. 30 (LBO) – Kelani Valley Plantations Ltd and its subsidiary companies have reported healthy increase in turnover for the financial year ended December 31, 2005 on the back of strong growth in tea and rubber production.In its annual report for 2005 the company reported a 10 per cent increase in turnover to Rs 1.918 […]

KOSGODA, Sri Lanka, March 12, 2006 (AFP) – Arabs and Europeans invaded Sri Lanka partly to control the island’s cinnamon trade, but centuries later the commodity is facing a new threat from a cheaper substitute.Tropical Sri Lanka is better known for its aromatic black tea, but it is also the world’s top supplier of natural […]

Mar. 02 (LBO) – Sri Lanka’s tea production for January dipped to 24.7 million kilos from 26.0 million kilos a year earlier due to excessive rain, a commodity broker said Thursday. January production shows a slight increase over December figure of 23.3 million kilos, but Sri Lanka’s crop has been on the downward slope since October […]

Feb. 23 (LBO) – Sri Lanka shipped 24.8 million kilos of tea in January, the highest ever in a single month, a commodity brokering house said Thursday.The previous highest record was 24.6 million kilos of tea sold in January 2004, Asia Siyaka Commodity Brokers said.Revenues from tea exports for January was also the highest ever so […]