Category: Agriculture
Sri Lanka expands crop insurance to five other crops
May 02, 2017 (LBO) – Sri Lanka’s Finance Ministry has expanded crop insurance that has so far covered paddy cultivation to five other food crops. The government had already launched a two-year National Food Production Programme to ensure self-sufficiency in Potatoes, Big Onions, Chilies, Maize and Soya beans. Now, farmers of these crops will receive […]
‘s NITF gets reinsurance cover for agriculture
Feb 17, 2017 (LBO) – Sri Lanka’s National Insurance Trust Fund says they have procured a reinsurance program for its agriculture insurance schemes. “This reinsurance programme will provide support to agricultural insurance schemes funded by NITF including the recently launched National Agricultural Loan Protection Scheme,” NITF said in a statement. “The cover has been arranged […]
Indonesia donates 5,000MT of rice to Sri Lanka
Feb 15, 2017 (LBO) The Indonesian government will donate 5,000 metric tonnes of rice to Sri Lanka following a request of President Maithripala Sirisena through the local ambassador in Jakarta. The consignments to be shipped in a few days are expected to arrive in Colombo in March, the Sri Lankan Foreign Ministry said in a statement. […]
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 price the government needs to release 67,000 metric tons of paddy in store at the Paddy Marketing board. This request was made at a meeting held with Finance Minister Ravi […]
‘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 Sigiriya due to the impact of tax hikes despite an increase in profits reported last year. “It is no secret that the excise and VAT hikes in October and November […]
‘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 2.6 billion rupees, the Ministry of Industries and Commerce said. “Farmers in this area faced may difficulties including a 30 year war, and now we are […]
‘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 tea market report said. “This records the lowest export volume since 2002 where total exports declined to 287.2M/kgs,” Forbes & Walker Tea Brokers said in their latest report. When analyzing the categories of exports, […]
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 decreases and shortages of drinking water are being reported, officials said. Officials at the disaster information center say over a million person have so far been affected […]
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 essential relief to the public during the impending drought. A special committee comprising secretaries of the ministries of power and energy, mahaweli and water supply has been appointed to make quick […]
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 agriculture, with focus on higher value agriculture products, such as fruits and vegetables. Under the project, investments to improve productivity and diversify production patterns through modern agriculture technology demonstrations in […]
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 grown teas fluctuating, a report said. “Prices for low grown teas tend to fluctuate whilst High and Mid Grown small leaf teas made an impressive start recording significant price gains,” Forbes […]
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 & Walker Tea Brokers said in a report. “There was good demand all around,” the report said. ‘Ex-Estate offerings totalled a 0.9M/kgs vis-à-vis 0.7M/kgs the previous week. Overall quality of Western’s […]