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Plantation Minister Mahinda Samarasinghe told Parliament yesterday that the current crisis in the Middle East has had an adverse impact on the country’s tea industry. According to the Minister, the crisis in Syria, Libya and the economic sanctions on Iran has had a negative impact on Sri Lanka’s tea exports. However, Samarasinghe has added that ...
Aug 24, Colombo: Plantation Minister of Sri Lanka Mahinda Samarasinghe says that the current crisis in the Middle East has an adverse impact on the country's tea industry.
“The tea industry needs a stable policy, direction and expertise if it is to play a significant role in the economy. There is a desperate need for a TEA AUTHORITY which would be vested with full control over the industry, pursuing an astute 10 year plan. The need to rehabilitate the industry – via replanting, ...
COLOMBO (Reuters): Sri Lanka’s tea production fell in July for a fourth straight month due to adverse weather conditions, the island nation’s state-run tea board said on Thursday. Tea production in July was 11.5 per cent down to 24.2 million kilogrammes (kg) against 27.4 million kg in the same month last year. The output in ...
Tea The tea sector has been benefited by both increase production and remunerative prices fetched due to a buoyant market in 2010. Production reached an all-time record of 329 million kgs, fetching an average auction price of Rs. 371.54 during the period under review. Exports reached 314.3 million kgs realising record revenue of US$ 1.375 ...
Sri Lankan and Kazakhstan President’s have discussed further expanding trade ties between the two countries. President Rajapaksa and Kazakhstan President Nursultan Nazarbayev held bilateral discussions at the Special Official residence for State Leaders in Saint Petersburg in Russia. Agreement was reached to develop trade ties in many fields. Kazakhstan already purchases a large amount of ...
Demand for Sri Lanka tea is expected to increase by 10 percent in 2011.An official of the Sri Lanka Tea Board said that a boom in world tea exports continue, with a 10 percent increase in volume fuelled by the world economic recovery.
Sri Lanka Tea Council’s (SLTC) new Chairman Merrill J Fernando yesterday implored the government and all industry stakeholders to formulate a 10- year sustainable plan to take the world famous Ceylon Tea to its pristine glory.
Tea sold at the Colombo Tea Auction during the 1st quarter of this year has recorded the highest ever national average, thus reaching a price of 393 rupees and 90 cents per kilogram. Previous best price stood at 382 rupees and 90 cents.
Tea export earnings increased by 16.1% to US$ 1,375 million last year due to both increased volumes and high prices. Ceylon tea continued to fetch the highest prices in the major auction centres of the world last year mainly due to the fine quality of Ceylon tea and the high international demand for orthodox tea. ...
The Sri Lanka Tea Exporters' Association handed over 03 million bags of tea worth US$ 60,000 to President Mahinda Rajapaksa today (21) to be sent to tsunami-stricken Japan.
The Sri Lanka Tea Exporters' Association handed over 03 million bags of tea worth US$ 60,000 to President Mahinda Rajapaksa today (21) to be sent to tsunami-stricken Japan.
Sri Lanka will dispatch three million packets of tea for the affected people in Japan. The stock of tea is worth 60,000 US dollars. It was donated by the Sri Lanka Tea Exporters Association. Several packs were presented to the President today at the Temple Trees to symbolize the occasion
Sri Lanka will dispatch three million packets of tea for the affected people in Japan. The stock of tea is worth 60,000 US dollars. It was donated by the Sri Lanka Tea Exporters Association. Several packs were presented to the President today at the Temple Trees to symbolize the occasion
Mar 21, Colombo: The Sri Lanka Tea Exporters' Association handed over 3 million tea bags worth US$ 60,000 to President Mahinda Rajapaksa today (21) to be sent to the tsunami-stricken people of Japan.
Mar 21, Colombo: The Sri Lanka Tea Exporters' Association handed over 3 million tea bags worth US$ 60,000 to President Mahinda Rajapaksa today (21) to be sent to the tsunami-stricken people of Japan.
The demand for Sri Lanka tea in the world market has increased. The Minister of Plantation Industries says that there is a special demand for local tea in Russia. Minister Mahinda Samarasinghe pointed out that it was only in 2010 that Sri Lanka had exported the largest quantity of tea. He claimed that he highest ...