Category: Agriculture

Sept 18, 2008 (LBO) – Sri Lankan natural rubber prices have come off their highs after oil prices plunged but are likely to remain strong with demand from emerging economies like India and China, an equities research report said. Prices of plantations stocks rose in recent months on the back of a global commodities boom […]

Sept 15, 2008 (LBO) – Sri Lanka’s University of Colombo is starting an online agro technology degree program for rural farmers, with a pilot project already showing spectacular results, a senior academic said. The university will first start a certificate level course leading to a diploma and eventually a Bachelor of Science (B.Sc) degree. Each […]

Sept 05, 2008 (LBO) – Sri Lankan tea export earnings hit a new high up to July this year with strong demand continuing from the oil exporting regions of the Middle East and Russia, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Brokers Asia Siyaka […]

Sept 02, 2008 (LBO) – Two of the world’s biggest tea exporters, Sri Lanka and India, have signed an agreement on tea imports into each other’s countries, news reports said. Sri Lanka tea industry officials also said exports of Ceylon tea to India had for long been held up by red tape and other restrictions […]

Aug 30, 2008 (LBO) – Sri Lanka’s tea trade plans to hold a charity auction of specialty teas as part of efforts to penetrate the fast growing market in the United States, industry officials said. The Tea Board got 410 entries for the competition representing seven agro-climatic regions in which different types of teas are […]

Aug 27, 2008 (LBO) – Exports of cloves from Sri Lanka are seen hitting a record 5,000 tonnes this year with earnings exceeding three billion rupees, a trade body said. Chatoor said a close watch was being kept on cloves exports by the authorities to prevent cloves from other countries being sent to India under […]

Aug 22, 2008 (LBO) – Sri Lanka’s tea production is continuing to increase with the July crop hitting a new high, with low grown teas much in demand in the Middle East and Russia, rising sharply, brokers said.The output for the seven month period was also a new high with the previous record being 190.7 […]

Aug 21, 2008 (LBO) – Sri Lankan tea exporters are expecting prices to remain high owing to good quality leaf, savvy marketing and packaging, though the US dollar is strengthening and a global commodity bubble may have burst.Romesh Moraes of the Tea Exporters Association said the trade aims to maintain its price advantage over its […]

KURSEONG, August 19, 2008 (AFP) – Touring tea gardens in India’s famous Darjeeling hills and tasting several varieties of the gold-coloured brew has got Audrey Dreyer thinking about a career in the trade.Dreyer, from France, is among a growing number of tourists wanting to experience life on the estates in the famous tea-growing region to […]

Aug 18, 2008 (LBO) – Sri Lankan tea exporters say banks should be less fearful in lending for shipments to key markets in the volatile Middle East and Russia and adopt new lending methods that use brands as collateral. Exporters say they are being restrained by high borrowing costs and a marked reluctance by banks […]

Aug 15, 2008 (LBO) – Sri Lanka’s tea exporters expect to earn about 1.8 billion dollars this year with the wide variety of teas offered and growing awareness of tea’s health benefits expected to keep the market strong. “Sri Lanka has the widest variety of grades and the widest variety of tastes,” said Perera. “Kenya […]

Aug 15, 2008 (LBO) – Prices of Sri Lankan low grown teas, which make up more than half the crop, fell for the third week running at this week’s Colombo auctions, brokers said. However, high grown teas produced by the listed plantations companies, stayed firm as erratic weather created fears of tight supply. The brokers […]