Rice millers call for release of govt stock to maintain price control
Feb 14, 2017 (LBO) – Sri Lanka’s Small and Medium Scale Rice Mill Owners’ Association says if they are to sell rice to consumers at a controlled …
Agriculture
Sri Lanka’s Ceylon Tabacco to close two leaf depots
Jan 31, 2017 (LBO) – Sri Lanka’s Ceylon Tobacco Company PLC (CTC) announced that it will be closing its leaf depots situated in Anuradhapura and …
Paddy storage facility for Sri Lanka’s North, more in pipeline
Jan 30, 2017 (LBO) – Sri Lanka opened a state-run paddy store in Mannar to cater to the Northern region which can store 10,000 metric tonnes at cost of …
Sri Lanka’s 2016 tea production, exports down, revenue up
Jan 26, 2017 (LBO) – Sri Lanka’s tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a …
Over one million Sri Lankans affected by drought
Jan 23, 2017 (LBO) – Sri Lankans have been warned to conserve water and electricity with over a million persons affected so far by drought as crop output …
With drought looming, Sri Lanka tries something new: preparing
(Thomson Reuters Foundation) – With rainfall in many areas just a third of that last year and many water reservoirs far below normal levels, Sri Lankans …
Sri Lanka president advises officials to brace for impending drought
Jan 19, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena has held a discussion to look into the preparations at ministerial level to provide …
Sri Lanka signs USD125Mn credit to modernize agriculture
Jan 18, 2017 (LBO) – Sri Lanka has signed a 125 million dollar credit with the World Bank to support and promote commercial and export-oriented …
Nestle Lanka invests in new manufacturing facility
Jan 14, 2017 (LBO) – Nestlé Lanka layed the foundation stone for a new manufacturing facility at its factory in Pannala, Kurunegala, as commitment to …
Sri Lanka govt. decides to reduce tax for imported rice
(PRESS RELEASE) – The government decides to reduce tax on imported rice with effect from midnight today in order to bring relief to the people who are …
Sri Lanka tea auction prices up, good demand
Jan 05, 2017 (LBO) – Sri Lanka tea’s first Auction of the year concluded seeing good demand with high grown tea prices recording gains and low …
Sri Lanka tea sees good demand in November
Dec 22, 2016 (LBO) – Tea production for the month of November totaled 27.3M/kgs, a gain of 2M/kgs against 25.29M/kgs of November 2015, Forbes & …
Finance Min releases Rs7 bn to farmers for Maha season
Dec 21, 2016 (LBO) – The Finance Ministry will release 7 billion rupees to paddy farmers as a fertilizer subsidy during the Maha cultivation season, the …
Reduced non-tariff barriers could boost Sri Lanka’s agriculture exports
Dec 19, 2016 (LBO) – Reducing non-tariff barriers (NTBs) in Sri Lanka is a significant step towards realizing untapped export potential within …
Sri Lanka tea up for third consecutive month in Nov
Dec 07, 2016 (LBO) – Sri Lanka’s tea auction average for the month of November showed gains with prices up 168.82 rupees to 581.33 rupees against …
Sri Lanka planters warn on land redistribution budget proposals
Nov 16, 2016 (LBO) – The Planters’ Association of Ceylon (PA) said it has serious reservations as to the feasibility and potential impact of recent …
Lanka Sugar Company turns loss into Rs1bn profit
Nov 15, 2016 (LBO) – Lanka Sugar Company, which includes Pelwatte and Sewanagala sugar factories, has recorded a profit of 1,018 million rupees for the first …
Sri Lanka bans cinnamon imports and re-exports
Nov 09, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to list Cinnamon as a banned commodity to import from other parts of the world. The move …
Sri Lanka wants to become self sufficient in sugar: Ravi
Oct 20, 2016 (LBO) – Sri Lanka will deploy new initiatives to become self-sufficient in sugar manufacture, Finance Minister Ravi Karunanayake said in a …
Sri Lanka to develop IT platform for tea with Rs220mn
Oct 19, 2016 (LBO) – Sri Lanka is to introduce an industry-wide and real-time IT solution to integrate functions associated with tea in order to improve …