Category: Agriculture

The Tea Board is planning to slap on an addition one rupee cess on made teas, to bridge the gap with its increasing budgets. The Tea Board is planning to slap on an addition one rupee cess on made teas, to bridge the gap with its increasing budgets. However, initial indications from the industry has […]

A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November.A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November. The Agriculture Minister Anura Kumara Dissanayake told Lanka Business Online on Tuesday that the Government is […]

Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic nation. Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb […]

In search of new growth for its stunted tea export industry, India is cultivating plans to set up an auction centre in Dubai.Indian Tea Association Chairman C.K. Dhanuka was quoted saying that a separate auction centre in Dubai would be a shot in the arm for the ailing tea industry, whose exports fell from 201,010 […]

Russia is sipping more fine teas as the influence of rising average income increases average spending above US$ 5 per kilo in the wholesale markets.The switch to premium quality beverages is taking hold across Russia along with the rising purchasing power of Russian consumers. Trade sources say sales of hot drinks increased by 3.6% in […]

Sri Lanka shipped out 12 mn kilos more tea in the 1Q of 2004, up from 65 mn kilos exported in 2003.Adding to the good news, the total value of the export orders reached Rs. 18 bn from Rs. 14 bn, increasing the average price per kilo to Rs.234.2 from Rs. 225 in the previous […]

Misty Mountains Holdings bid to buy into the Lankan tea sector fell apart with John Keells Holdings and HVA Lanka calling off their deals with the US firm.John Keells said on Monday it called off its sale and share purchase agreement as Misty Mountain had failed to satisfy pre-sale conditions. The deal, which was struck […]

Asia Siyaka Commodity Brokers said that buyers at the Colombo Tea Auction are concerned by the quality of future low grown teas on offer, driven by the surge in production associated with Sri Lankas famous long holidays. “Many traders seem to have taken the position that they would need to stock up on the superior […]

Local tea exporters are eying a 4 million to 6 million kilo order from Iraq under the current World Food Programme (WFP) that is supplying the war impoverished Middle East nation since the US led attracts ended last year.Sri Lanka won a sizable 8 million kilos tender under the previous programme, but is still to […]

The centuries-old therapeutic magic of the Ganoderma mushroom, ranked by the ancients of China and Japan as the king of some 38,000 varieties of mushroom found on the planet, will soon be just a sip away for Sri Lankans. A local company, Magnum Investments (Pvt) Ltd., sole authorised stockist for Malaysias DXN Marketing Sdn. Bhd., […]

The refuse tea export, though illegal, has become the latest threat facing the tea industry, adding to other global pressure. The export demand for fiber and stalk from the tea plant called refuse tea has spawned a whole industry undermining the image and the quality of the brand – Pure Ceylon Tea. The centuries old tea […]

The Premier told a top gathering of planters on Tuesday that the time had come to take over as managers of a value added industry, or lose out to more efficient agro-businesses that would be the industry of the future. “When you say that your contribution to the economy has fallen, it is true because […]