At The Bourse
The Colombo bourse reacted positively to deals in the insurance market and increasing tourist arrivals over the last week. Shares in Commercial Bank and DFCC …
Agriculture
Ele House Brew
Brewing through the synergies of John Keells and Elephant House is a ready to drink tea product that could hit the local market in end 2003. Tested and …
Boiling Cup
The banking sector is willing to prop up the tea industry by lending up to Rs. 1.25 billion to buy teas unsold at weekly auctions. The bail out plan was put …
Sweet Teas
Buyers set aside developments in the Middle East to step up buying at Tuesdays low grown tea auctions, pushing up prices in the process. Brokers said that …
Bad Weather
This weeks low grown auction average could slip below Rs. 130, down from Rs. 147.46 for February. Brokers say that buyers stepped up orders marginally at the …
Cold Cuppa
The tea industry continued its ill fate with indications that around 25% to 30% of all teas brought to the weekly auctions in Colombo would remain unsold. …
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 …
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 …