Category: Agriculture
Plantation sector estimates 40-pct drop in tea production from 3-month drought
Apr 16, 2020 (LBO) – Planters’ Association of Ceylon (PA) estimates a 40 percent drop in estate tea production solely resulting from unprecedented drought for the past 3 months. PA Chairman, Sunil Poholiyadde releasing a statement said that the loss in crop had already created an increase in the cost of production. However, given the […]
Rice mills declared an essential service
Apr 10, 2020 (LBO) – Since the provision of essential foods and rice production storage and distribution is imperative to ensure food security, services of the owners of all rice mills have been declared an essential service under the COVID – 19 quarantine process. Statement from President’s Media Division: Rice mills owners of the country […]
Sri Lanka national tea sale average up in Feb 2020; Highest since April 2018
Mar 05, 2020 (LBO) – National average for the month of February 2020 totalled Rs. 601.91 vis-à-vis Rs. 588.85 of January 2020, showing an increase of Rs. 13.14 month on month. In comparison to February 2019 average of Rs. 581.96, shows an increase of Rs. 20.03 YOY. When analysing the respective elevational averages for the […]
President orders to ensure adequate fertilizer supply during Yala season
Mar 04, 2020 (LBO) – President Gotabaya Rajapaksa has directed officials to ensure supply of the required amount of fertilizer for the Yala season without delay. The fertilizer stocks are due to arrive in the island within the coming weeks. The President further instructed to design a proper procedure to swiftly distribute fertilizer among all […]
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
Experts suggest blue ocean strategy for Ceylon Tea
Feb 13, 2020 (LBO) – The strategy experts suggest that the Sri Lanka tea industry should consider adopting the blue ocean strategy for it’s profitably and sustainability. The comments were made at a seminar organized by Tea Exporters Association recently under the theme of “Inventing New Horizons for Ceylon Tea” with the objective of finding […]
Planters’ Association urges policy makers to make final decision on oil palm cultivation
Jan 17, 2020 (LBO) – Planters’ Association of Ceylon urges policy makers to urgently convene a meeting of all stakeholders in order to make a final determination on the subject of oil palm cultivation in Sri Lanka, after having fully considered all available and verified scientific and economic data on the subject. Full Statement Sri […]
Cabinet nod to increase estate worker daily wage to 1,000 rupees
Jan 15, 2020 (LBO) – Sri Lanka’s Cabinet of Ministers have decided that the minimum daily wage of estate workers to be 1,000 rupees with effect from March this year. It was also decided to take swift measures to develop all areas of the plantation sector including infrastructure facilities. The cabinet proposal tabled by the […]
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) – Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, a new report showed. Packeted tea has shown a growth YOY, whilst bulk tea has remained static, Forbes and Walker Tea Brokers said in their monthly report. […]
Global initiative by FAO to control Fall Armyworm; mobile app to launch in local languages
Dec 16, 2019 (LBO) – The Food and Agriculture Organization of the United Nations (FAO) has launched a pioneering initiative – “Global Action for Fall Armyworm Control”, that aims to mobilize USD 500 million over 2020–22 to take radical, direct and coordinated measures to fight Fall Armyworm at a global level. In Sri Lanka, FAO […]
Sri Lanka to benefit from US “Clean Cities, Blue Oceans” global initiative
Dec 12, 2019 (LBO) – The United States Agency for International Development (USAID), On December 5, launched its “Clean Cities, Blue Ocean” (CCBO) program in Sri Lanka and the Maldives, the most recent countries to join this flagship initiative to mitigate ocean plastic. CCBO is a 48 million dollar, a five-year global initiative that helps […]
Sri Lanka bans import of spices, minor export crops for re-export
Dec 06, 2019 (LBO) – Sri Lanka’s Finance Ministry has prohibited the importation of spices and minor export crops for the purpose of re-export or re-export after minor processing. The Finance Ministry said in a statement that this restriction has been imposed as a measure to protect small export crop growers and SMEs. Accordingly, the […]