New Bud
A strategy to expand its investment options will see Amana Investments venturing into the tea brokering business shortly. Amana will hold a 55 per cent stake …
Agriculture
Tea Party
Key stakeholders in the tea industry got together last week to form a pan industry apex body. The tea association of Sri Lanka plans to provide a singe point …
Cup That Cheers
New apex body for the tea industry, the Tea Association of Sri Lanka (TASL) officially got off ground Tuesday, mapping out plans to set the industry standard …
Short Crop
A collective decision by private tea factory owners to cut Rs. 2 on the price for green leaf paid to smallholders, has prompted a threat of legal action. …
Creeping Up
Prices for crepe rubber have reached record levels as oil prices spiral, touching Rs. 129 a kilo at this weeks auction, a high since 1995. This is up from …
Counting Leaves
Tea exporters are pushing for a three-month moratorium from commercial banks as the government maps out a contingency plan should war break out over Iraq. All …
Crossfire
Rising tension in the Middle East is buing holes in the Sri Lankan tea industry as prices plummet and stocks accumulate at auctions. Low grown teas are seeing …
Stretch Factor
Sri Lankan investors stretched their resources to dip into plantation stocks with exposure to rubber, demand created by a giant leap in rubber prices from an …
Looking Ahead
2003 will be an eventful year says commodity brokers Asia Siyaka. A round up of the year highlights key event in the tea industry. National Policy The Sri …
Bumper crop
Tea production is expected to touch the 308-mn kilo mark for 2002 brokers predict, given improved harvests in November the same year. For the eleven months …
Beyond in 2003
Sri Lankan Tea Exports is headed for a record high, with industry officials hoping for the total export quantity to exceed the landmark 300 million kilos. …
Tea Captain
Director of Gordon Frazer – Niraj de Mel, is poised to take over as CEO of the umbrella body the Tea Association of Sri Lanka. Appointed last week, he is …
Tea (Pvt) Ltd
Moves to set up an Export Marketing Council for the tea industry is underway that will take over Tea Board promotions and include officials from the Export …
Falling Numbers
Sri Lankas tea crop slipped to 20.7 mn kilos in August, its lowest since 1999 when a figure of 19.4 mn kilos was recorded. Asia Siyaka Commodity brokers did …
Oxidising Tea
At the laboratories of the tea research centre, scientists are brewing a new cup of tea. They are testing the properties lquote Ceylon Tea grown in various …
Stretching Rubber
Out-grower schemes for rubber in non-traditional planting areas are being developed as one way to bridge an expected shortfall in top quality grades for the …
Recovery Mode
Sri Lankan tea production has swung into rapid recovery mode following a weak first quarter, to end at 181.8 mn kilos to date, up from 3.6 mn kilos the …
Unorthodox Shift
Local factions in the tea industry say the Indian threat was looming for over a year, but officials here had made no effort to plan for competition. Sri Lankan …
Adding Value
However, as always a faction continued on the lines that importation would kill the local plantations and wipe out most of the trade. On the contrary, if tea …
Value Deduction
Russian buyers favouring bulk tea over packed teas has been a leading factor in the drop. Commodity brokers say this is a disappointing tu of events and feel …