Category: Agriculture
Hatch and Sarvodaya launch “GoviLab” AgriTech accelerator
Sarvodaya, a grassroots organization, is partnering with Hatch – Sri Lanka’s largest innovation and entrepreneurship development organization, to launch the “GoviLab” AgriTech Accelerator. This is an integral part of Sri Lanka’s Inclusive Digital Agriculture Transformation (IDAT) strategy, a one-of-a-kind national initiative brought about by the collaborative efforts of the Government of Sri Lanka and the […]
Govt intervention in Colombo tea auction detrimental to sector: Fitch
Nov 17, 2015 (LBO) – Sri Lanka’s government intervention into the Colombo tea auction will be detrimental to the sector as it will make Sri Lankan tea less competitive in a global market that is over-supplied, Fitch Ratings said. The Sri Lankan government in October 2015 allocated 1.0 billion rupees to purchase tea at the […]
Sri Lanka tea prices hit lowest levels since March 2012
Oct 08, 2015 (LBO) – Sri Lankan tea prices have come down to it’s lowest levels since March 2012 with low grown varieties the worst affected, latest data shows.The Colombo tea auction monthly average price for September 2015 was down 71.33 rupees to 368.18 rupees a kilo from 439.51 rupees in 2014, Forbes and Walker […]
‘s govt plans to intervene in tea prices with purchases of Rs300mn
Oct 01, 2015 (LBO) – Sri Lanka’s plantation ministry said that it plans to300 million rupees from the auction to artificially raise the price of tea with savings from the money that government subsided for tea small holders.“We have passed this proposal to ministry of economic affairs and policy which is under the prime minister,” […]
Govt signs USD 150 mn ADB loan for water to dry zone
Sep 17, 2015 (LBO) – Sri Lanka’s government signed a 150 million US dollar loan agreement with the ADB to address the water scarcity in the islands dry zone, the Asian Development Bank said in a statement. The loan is the first tranche of a 453 million US dollar multi-tranche financing facility to help complete […]
Managerial skills, tea cloning to help Sri Lanka’s tea industry: PA
Sep 17, 2015 (LBO) – Sri Lanka’s tea industry, which has a long history starting from British period, now needs to adopt professional managerial skills and build elite clone tea to face current challenges and to drive future growth, the chairman of the Planters’ Association said. The industry is currently in a crisis situation with […]
Sri Lanka plantation worker wage hike talks in deadlock
Sep 01, 2015 (LBO) – Sri Lanka’s Planters Association says higher wage demand issue of the tea planation workers is still dragging.“Status remains as it is, since no one came for a final solution,” Roshan Rajadurai, president of Planter’s Association of Ceylon, told Lanka Business Online.“We could not afford the almost 50 percent wage hike […]
Sri Lankan coco peat to be purchased by Japan
Aug 04, 2015 (LBO) – A team from Zen-Noh, the Japanese National Federation of Agricultural Cooperative Associations, are visiting Sri Lanka to help promote exports of coco peat, a sustainable replacement for peat moss in plant cultivation. The visit of the four-member team has been arranged by the Export Development Board, a Commerce Ministry statement […]
Sri Lanka to implement capital loan scheme for tea; guaranteed price for rubber
June 26, 2015 (LBO) – Sri Lanka’s cabinet has decided to implement a capital loan scheme for the tea industry and a guaranteed price scheme for the natural raw rubber. The capital loan scheme will be implement for all owners of tea industries through all State and Commercial Banks. The Cabinet has approved to provide […]
ADB gives USD453mn loan for dry zone water projects
June 26, 2015 (LBO) – The Asian Development bank is to grant a loan of 453 million US dollars to help deliver surplus water from the Mahaweli river basin to the dry zone, a statement said.“Sri Lanka has abundant water resources but they are not distributed evenly across the country,” Lance Gore, ADB Water Resources Specialist said in the […]
Sri Lanka’s government will support agriculture to strengthen local economy: President
Apr 22, 2015 (LBO) –Sri Lanka’s government will support agricultural based industries in order to build the Island’s economy, President Maithreepala Sirisena, said in a statement.“The government will give priority to build a local economy based on agriculture,” the President was quoted saying in a statement released by his office.The President was speaking at the […]