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On the directive of President Mahinda Rajapaksa, the Ministry of External Affairs has arranged to dispatch a consignment of flood relief goods such as tea, biscuits, sleeping bags, bed sheets, exercise books and medicines to the flood affected people in the Sindh Province in Pakistan. G.L. Peiris, Minister of External Affairs, handed over a token ...
MJF Group Director Operations Malik J. Fernando has called for a Master Plan for the plantation sector. In a press statement issued this week, Fernando says an industry-wide Master Plan is required for Sri Lanka’s 150-year-old plantation industry to realign itself with internal and external changes and to remain competitive. “We need to develop a ...
The Middle Eastern Tea and Coffee Convention that integrates all aspects of coffee and tea under one roof will take place at the Meydan Hotel, Dubai, UAE from 3 to 5 November. The event will feature some of the best names in the world such as Sunalini Menon the Founder and Managing Director of Coffeelab ...
Reuters: Sri Lanka’s tea production fell in September for a sixth straight month due to adverse weather in high growing areas, the State-run Tea Board said on Wednesday. Tea production in September recorded 22.93 million kg against 25.61 million kg in the same month last year. The output in the first nine months has slipped ...
Oct 19, Colombo: For a sixth consecutive month Sri Lanka's year-on-year tea output dropped over 10 percent in September, the figures released by the Sri Lanka Tea Board Wednesday showed.
In business the most difficult part is finding, servicing and retaining markets and market share. In exports, this is even more challenging. The ultimate in value addition is brand marketing. The optimum return in global business is achieved by the growth and development of brands. The national economy where the brand is owned has a ...
A Tea broker says Sri Lanka’s agricultural production and hydro power generation will be badly affected if the prevailing dry weather conditions continue. John Keells Tea Brokers in its weekly tea report says, according to the Meteorology department the inter-monsoonal rains may be delayed, and the forecast suggest very little signs of heavy rainfall at least ...
By Uditha Jayasinghe Brewed by external demand reductions and local policies, Sri Lanka’s value-added tea exports are declining while bulk shipments are increasing, resulting in a possible drop in earnings, industry experts warned yesterday. Terming the reduction in value-added tea as a “disturbing trend,” Asia Siyaka Commodities said in a review report that Sri Lanka’...
Bad weather is hitting the production of tea in Sri Lanka, one of the island's most crucial industries.
At this week’s Tea Auction conducted on 27 September, an Invoice of the OP grade from Magedara Tea Factory established an All Time Colombo Tea Auction Record Price of Rs. 800 per Kg, bettering the previous record price of Rs. 790 which was recorded at the Auction of 13 September, 2011. The tea was sold ...
By Uditha Jayasinghe Reeled by the overall crisis in the Middle East, the country’s tea industry has got a fresh jolt with Syria banning imports in value added form though the Government is cautioning undue panic was unwarranted. As part of a national policy Syria has banned all imports carrying a tariff of over 5% ...
Sri Lanka tea production from the highest hilly locations, and from medium altitudes, declined sharply in August.
The annual “IFTM TOP RESA” (International French Travel Market) was held in Paris with the participation of more than 1200 companies, including several Chief Executives from well established travel companies in Sri Lanka. Sri Lanka’s participation was facilitated by the Embassy of Sri Lanka in France in collaboration with the Sri Lanka Tourism Promotion ...
Industry wants promotions in Russia and Far East to fill vacuum from recession-hit West Demand from Middle Eastern markets, which accounts for 55% of tea exports, is still low, according to a report released by a broker recently. The Lanka Commodity Brokers tea market report noted that demand from Middle Eastern countries for Colombo Tea ...
President Rajapaksa who is attending the 66th session of the UN General Assembly has held talks with several world leaders. The progress achieved by Sri Lanka since the elimination of terrorism from the island earned plaudits of the world leaders. The President yesterday had bilateral discussions with leaders of Slovenia, Kyrgyzstan and Nigeria. The President ...
Burdened with an overall tea production dip of 400,000 kgs during the period up to August when compared with 2010 and increased wages, plantation companies are facing losses, industry data showed yesterday. Sri Lanka has recorded a lower crop of 23.9 million kgs for August, 2011, which shows a drop of two million kgs over ...
Exports volume to Middle East up but industry fears danger of price fluctuations towards year endBy Uditha Jayasinghe Brewing with mixed fortunes, tea exports have faced the Middle East unrest well, but future price fluctuations may pose challenges in the short term, say industry experts. Despite the challenges of the ongoing turmoil in the Middle ...
The Travels and Holidays Network, a Toronto and UK based Travel Event Management team with the assistance of the Consulate General of Sri Lanka, in Toronto is organising “Wonder Sri Lanka” Travel and Trade Show on 16th and 17th of October 2011 to promote Sri Lankan Tourism and Trade in North America in Toronto, Canada.
With reference to Daily FT article yesterday containing Dilmah-fame MJF Exports Group Marketing Director Malik Fernando’s response to MTI Consulting’s original comments, the latter has sent a fresh clarification: The Kenyan Tea Board has called for a tender to set-up tea value-addition facilities in the country. Refer http://www.teaboard.or.ke/about/tenders/ . This is a fact. Given the...
Sept 11, Colombo: Eleven out of 21 major tea plantation companies of Sri Lanka have reportedly incurring heavy losses for a number of years.
Despite crises in most world markets, the Government yesterday remained upbeat on prospects for Sri Lanka’s exports which have grown by 35% so far to reach $ 5 billion giving optimism that end 2011 figure would top $ 10 billion. “On the back of 21% growth in exports in 2010, current year’s exports have grown ...
On 28 July, the Ministry of Foreign Affairs of Japan announced the list of recipients for the Foreign Minister’s Commendation for the fiscal year 2011. The Foreign Minister’s Commendations are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge their contribution to the promotion of friendship between Japan and other ...
Ceylon Tea Brokers Plc 2011 Annual Report’s Chairman’s Review has some useful insights on the tea industry and the role of tea broker. Here are some excerpts. A significant aspect of the Tea Industry’s performance in 2010 is that all time records were established in terms of: i. Tea Production ii. Auction Averages iii. Tea ...