Category: Agriculture

Sept 18, 2013 (LBO) – Sri Lanka’s Tess Agro, a fish exporter has made a 117 million rupee cash call to finance a European marketing arm and a domestic project.. The Tess Agro said it wants to sell 60 million ordinary shares at 1.50 rupees to shareholders at the rate of one for every three […]

Sept 16, 2013 (LBO) – Sri Lanka-based Tess Agro Plc, an exporter of sea fish said it had set up a marketing unit in Belgium to gain direct access to the European Union and better prices.But there was a 35.7 million rupee gain on property revaluation. The key markets of the firm are the EU, […]

Sept 14, 2013 (LBO) – Sri Lanka’s large plantations, especially those growing tea, are facing labour shortages, with young people moving out to cities in search of other jobs, a senior industry official said.During feudal and European colonial times Sri Lanka had to import labour from India for many activities ranging from tapping toddy, peeling […]

Sep 12, 2013 (LBO) – Sri Lanka’s Horana Plantations Plc, said it was moving into oil palm cultivation by initially planting 300 hectares of the crop, while also adding cinnamon and forestry to the mix. Some plantations have also grown trees to fire tea dryers but face restrictions. Corrected. Opening para/headline. Sri Lanka’s Horana Plantations […]

Sep 09, 2013 (LBO) – Sri Lanka’s Eastern Merchants, a rubber export firm said it lost 17 million rupees in the year to March 2013, from a profit of 105 million rupees a year earlier as world rubber prices dropped.Car sales in India had plunged 20 percent and listed Indian tyre companies had also performed […]

Sept 06, 2013 (LBO) – A Netherlands based company has offered to set up a hi-tec dairy farm with processing facilities with high yield milch cows, provided suitable land with fresh water is made available, officials said. Velema Holdings, a Netherland based investment firm, is offering to put together a turnkey dairy facility if about […]

WELLINGTON, August 19, 2013 (AFP) – A new contamination scare hit New Zealand’s multi-billion dollar dairy industry on Monday after it was revealed a milk product with excessive nitrate levels had been exported to China. Both New Zealand’s Ministry of Primary Industries (MPI) and the company at the centre of the latest scare, Westlake Milk, […]

Aug 14, 2013 (LBO) – Balangoda Plantations Plc, a tea farming company in Sri Lanka’s Stassen group said profits fell 56 percent to 45.7 million rupees in the June 2013 quarter from a year earlier. Sri Lanka’s tea companies have been facing higher wage costs and from around mid year production disruption due to heavy […]

Aug 06, 2013 (LBO) – Sri Lanka’s Talawakele Tea Estates Plc said it made a loss of 3.0 million rupees in the June 2013 quarter down from a profit of 26 million rupee a year earlier. The firm reported a loss of 13 cents per share. In the six months to June the firm reported […]

Aug 06, 2013 (LBO) – Sri Lanka has suspended imports of all milk imports from New Zealand and asked Fonterra brands to withdraw any products containing whey protein, an official said.Sri Lanka’s Industrial Technology Institute has said it had found traces of DCD in several brands of milk including that of Fonterra, though the health […]

August 02, 2013 (LBO) – Sri Lanka’s Watawala Plantations Plc, which farms tea, rubber and oil palm said its parent Estate Management Services has upped its stake to 74.6 percent. Watawala profits fell sharply in the June quarter as rains hit output and labour costs rose and commodity prices softened. The parent bought 49.3 million […]

July 26, 2013 (LBO) – Sri Lanka-based International Water Management Institute (IWMI) said it is partnering with island’s environmental authority to turn urban waste, a major water pollutant into organic fertilizer. Sri Lanka’s urban waste has a high volume of moist organic matter which is not economical to burn and generate power, experts have said. […]