Category: Agriculture

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 […]

June 28, 2010 (LBO) – Sri Lanka is to encourage small farmers to produce more of a rubber grade suitable for tire manufacture which is in demand, officials said. Plantations industries minister Mahinda Samarasinghe said a policy decision was taken recently aimed at increasing production of the RSS 3 type rubber grade. Although most people […]

June 23, 2010 (LBO) – Sri Lanka™s tea production in May 2010 rose 12.9 percent to almost 30.3 million kilos as production continued to recover from a downturn the year before, Tea Board data showed. The annual production in 2008 hit a record high of 318 million kilos. Corrected – annual production figure Tea production […]

June 21, 2010 (LBO) – Sri Lanka’s tea trade has called for a stop to the setting up of new factories unless they are supported by cultivated tea lands to prevent ‘excess capacity’ and competition for green leaf. Avi de Silva, chairman of the Colombo Tea Traders’ Association, said they were concerned about the proliferation […]