Category: Agriculture

November 15, 2008 (AFP) – Sri Lanka, a key exporter of tea, has appealed to “friendly countries” to buy more of the brew to help the island weather the global financial crisis, officials said Saturday.The foreign ministry said ambassadors and envoys of Egypt, Iran, Russia, Saudi Arabia, Iraq, Kuwait and Qatar were briefed about Sri […]

Nov 14, 2008 (LBO) – Sri Lanka’s tea market is continuing its recovery with demand picking up at this week’s auction, brokers said. Prices of low grown teas, the hardest hit when demand and prices collapsed last month causing severe cash flow problems for the trade, improved at this week’s sale. “Demand for low grown […]

Nov 13, 2008 (LBO) – Sri Lanka’s tea trade has warned that the crisis caused by the sudden collapse in demand and prices was not over yet and that it was bracing itself for further trouble.The Colombo Tea Traders™ Association (CTTA) said in a statement that cash flow problems remained throughout the supply chain, with […]

Nov 11, 2008 (LBO) – The Sri Lankan government said it would not allow milk powder importers to raise retail prices despite an increase in import levy in the budget for 2009 presented last week, because world prices are falling. World market prices of milk are coming down while production in key producer countries is […]

Nov 06, 2008 (LBO) – The Sri Lankan government plans to offer several incentives to the tea industry such as lower taxes and subsidised fertiliser, president Mahinda Rajapaksa said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The incentives are meant to help the industry […]

Nov 05, 2009 (LBO) – The Sri Lankan tea auctions in Colombo stabilized this week with demand picking up and much less unsold teas although prices of some varieties still fell, brokers said. The Tea Board did not buy this week and has delayed payment for its purchases of a million kilos last week, with […]

Nov 03, 2008 (LBO) – Sri Lanka’s Horana Plantations, which is managed by the Ceylon Theatres group, said net profit for the September quarter shot up 201 percent to 50 million rupees from a year ago. Revenue rose 25 percent to 430 million rupees from 343 million rupees during the period. The profit growth was […]

Nov 03, 2008 (LBO) – Sri Lanka’s tea board said it plans to buy stocks at the Colombo auctions this week as well to help prop up the market after prices crashed and large stocks went unsold last month. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]

BEIJING, October 30, 2008 (AFP) – A government in northeast China kept quiet the discovery of melamine-tainted eggs for weeks and ordered a media ban before Hong Kong authorities finally revealed the problem, state press said Thursday. The animal sanitation inspection department of Liaoning province suspected the tainted eggs came from chicken feed and ordered […]

Oct 30, 2008 (LBO) – Sri Lankan tea production is expected to fall with a religious holiday stopping plucking this week and factories focusing on making better quality teas, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Demand also improved at the Colombo auctions after […]

Oct 28, 2008 (LBO) – Sri Lankan authorities are advising rubber cultivators to reduce supply in an effort to prevent prices which have fallen off record highs, from slumping further. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Rubber Research Institute director Asoka Nugawala said a short-term […]

Oct 28, 2008 (LBO) – Sri Lankan tea prices stabilized and more lots were sold at Tuesday’s Colombo auctions after the state-run Tea Board began buying in a market in a rare intervention, officials and brokers said.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Tea Board chairman […]