Category: Agriculture

Aug 06, 2010 9LBO) – Sri Lanka’s Watawala Plantations’ June 2010 quarter net profit shot up 290 percent to 146 million rupees from a year ago, a stock exchange filing said. Watawala Marketing’s sales rose 14 percent to 313 million rupees in the June 2010 quarter from the year before as its main brands ˜Zesta™ […]

August 5, 2010 (AFP) – Sri Lanka is expected to earn a record 1.4 billion dollars from its tea exports this year thanks to a bumper crop, an official said Thursday. Tea, Sri Lanka’s biggest cash crop, earned 71.3 billion rupees (635 million dollars) in the first six months of 2010 compared with 58.2 billion […]

Aug 04, 2010 (LBO) – Sri Lanka’s Kelani Valley Plantations net profit for the June 2010 quarter fell 82 percent to seven million rupees from a year ago as costs shot up and tea prices fell, a stock exchange filing said. Sales of the firm which grows tea and rubber and is a subsidiary of […]

July 29, 2010 (LBO) – Sri Lanka’s Carson Cumberbatch group net profit for the June 2010 quarter fell 12 percent to 1. 19 billion rupees from a year ago with a lower contribution from its oil palm plantations in east Asia, latest results showed. Revenue of the group, which has oil palm plantations in Indonesia […]

July 26, 200 (LBO) – Sri Lankan rubber prices rose again at last week’s auction on continued short supply as rain affected tapping but brokers said the shortage might ease if the current dry weather continues. “If the dry weather continues, in the next two weeks we might see increased volumes in the market.” Brokers […]

July 25, 2010 (LBO) – Sri Lanka’s tea growing areas in the hill country is suffering from an ‘acute’ supply shortfall of fuel wood and prices are going up, a plantation company which is expanding its own timber cropping area has said. “With the acute shortage and rapidly increasing prices of fuel-wood in the hill […]

July 22, 2010 (LBO) – Sri Lanka’s tea output rose sharply in June from a year ago, hitting a new production peak as the crop continued to recover from the year before, the Tea Board and brokers said. “If this trend continues, we are likely to match up to the all-time record crop achieved in […]

July 17, 2010 (LBO) – Sri Lankan tea prices are likely to stay strong on good demand from consuming countries and possible shortages caused by disruption of production at key origins like India, officials said. Tea Exporters Association chairman Jayantha Keragala said Sri Lankan tea prices were attractive right now. “At the moment we’re enjoying […]

July 15, 2010 (LBO) – Tea output in India’s Assam region, the country’s top production region may fall 30 to 40 percent in the second half of 2010, leading to higher prices, a media report said. Last year India had produced 979 million kilograms of tea. Assam is said to produce more than half of […]

July 07, 2010 (LBO) – Tea bag exporter Ceylon Tea Services, part of Sri Lanka’s Dilmah brand group, is to invest 233.3 million rupees in a tea plantations subsidiary of the parent firm, a statement said. Ceylon Tea Services said in a stock exchange filing that it bought 15,553,600 rights in Kahawatte Plantations from Forbes […]

July 02, 2010 (LBO) – Shipments of tea bags from Sri Lanka to Russia, the main market for tea, the island™s biggest export commodity, have fallen as high import duties on value added teas deter exports, latest data showed. The share of value added tea exports to the Russian market has been falling in recent […]

July 02, 2010 (LBO) – Sri Lankan cocoa prices have shot up owing to cop failure and heavy demand for cocoa beans might prompt the confectionary industry to resort to imports, a trade body said. The Spices & Allied Products Producers™ and Traders™ Association (SAPPTA) said the price for a kilo of grade one cocoa […]