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The fall of the rupee is likely to bring mixed results for the tea industry, John Keells Plc said last week. It said Sri Lanka’s Rupee fell to a record Rs. 132.20 against the dollar breaking the previous record of Rs. 131.60 on 19 March 2012. “The impact of the devaluation and rising energy ...
Commodity broker John Keells Plc said yesterday that the global production of black tea was heading towards a shortfall in the first half of 2012 due to the prevailing dry weather in major tea producing countries and this will help stabilise prices at remunerative levels. It said worst ever drought in fifteen years in North ...
Sri Lanka Expo 2012 will kick off from 28 to 31 March at Sirimavo Bandaranayke Memorial Exhibition Centre of BMICH, under the theme ‘Partnering with the Hub of Asia.’ This event will be organised by the Export Development Board. Having foreseen the importance of Expo 2012 to promote Sri Lanka as a destination, Sri Lanka ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
Reuters: Sri Lanka's tea production edged down 0.6 percent in February due to high base in the same month last year, the state-run tea board said on Wednesday. Sri Lanka's February tea output was 21.98 million kg compared to 22.13 million kg in February 2011. The production in the first two months has increased 4.7 ...
Industry calls for higher productivity, new market development to ride out uncertainties Tea industry stakeholders say the industry needs to urgently improve productivity and generate new markets, as volatility in major Middle Eastern markets continue to dampen tea export earnings. While there is strong demand for tea in global markets, price increases for Ceylon ...
As one of the top producers and exporters of tea, Sri Lanka proudly hosted the Colombo International Tea Convention which was the first international tea convention to be held in the island during peace time. Attended by over 600 delegates, including 175 international delegates the event got under way at the Cinnamon Grand hotel from ...
Business delegation invited for Sri Lanka Expo Sri Lanka is keen to increase tea exports to Jordon after the latter expressed interest in increasing trade ties, a statement from the Industry and Commerce Ministry said yesterday. “We are thirsty for more and more Ceylon Tea. We can’t get enough of it and we look for ...
Bogawantalawa Estates bogged down in trade union action, officals assure no impact on auctionBy Cheranka Mendis Due to trade union ‘go slow,’ 15,000 kilograms of tea valued at Rs. 50 million have been held back at the Bogawantalawa Tea Estates Plc despite authorities saying the situation is under control. Credible sources from Bogawantalawa Tea Estate ...
Namal Rajapaksa, Member of Parliament and Special Envoy of President Mahinda Rajapaksa, is currently visiting Tokyo to attend an Annual Sri Lanka Tea and Trade Promotion Seminar and also to have bilateral discussions with key Japanese dignitaries including Yasushi Akashi, Special Representative
“The Sri Lanka Customs is now streamlining its processes and procedures to facilitate the export/ import community,” Dr. Neville Gunawardena, the new Customs Chief highlighted at a workshop organised by the National Chamber of Exporters of Sri Lanka (NCE) and the Shippers’ Academy Colombo (SAC) last week on the subject of ‘Automation of Customs’...
Reuters: Sri Lanka’s tea production rose a slight six per cent in January compared to the same month a year ago, when output was especially low, the State-run Tea Board said on Tuesday. January tea output was 22.41 million kg compared to 21.14 million kg in January 2011. “This is the normal output. The increase ...
Sri Lanka’s tea small holders, who account for 76% of the national tea output, say small holder concerns need to be addressed for tea industry sustainability. “Right now the tea small holders, who are the mainstay of Sri Lanka’s tea industry, are facing some serious problems that will directly contribute towards reducing the national tea ...
By Cheranka Mendis Sri Lanka, popular worldwide for the strong cup of Ceylon Tea it serves, will not take its prestigious position as one of the world’s most sought after brands of the highest quality lightly and will continue investing and researching in the field. Plantations Minister Mahinda Samarasinghe yesterday delivering the keynote address at ...
The Colombo International Tea Convention organised by Colombo Tea Traders’ Association together with the Sri Lanka Tea Board is on from 1 to 3 February at Cinnamon Grand Hotel in Colombo – Pix by Upul Abayasekara
At a press briefing held adjunct to the inauguration, Sri Lanka Tea Board Promotions Director Hasitha De Alwis noted that Sri Lanka as a high quality producer does not prioritise on volume. “If you look at value, Sri Lanka despite exporting 300 million kilos and becoming a main exporter
The ceremonial inauguration of 20th session of the FAO/IGG on Tea hosted by Sri Lanka Tea Board was held last night at the Cinnamon Grand Hotel – Pix by Kithsiri de Mel
Responding to the article published in the Daily FT on 26 January, titled ‘Sri Lanka: Tea rich but nutrient poor,’ the Planters’ Association of Ceylon (PA) says estate communities in Regional Plantation Company (RPC) estates have seen significant quality of life improvements
The inauguration of the 20th Session of the United Nation’s Food and Agriculture Organization’s (FAO) Inter-Governmental Group on Tea hosted by Sri Lanka was held last night in Colombo. The sessions proper will begin today and go on until 1 February with the participation of delegates from over 25 countries. Hosted by Sri Lanka ...
IRIN: Tea in Sri Lanka is one of the country’s biggest cash crops, but families working on tea estates are among the nation’s poorest in terms of earnings as well as nutrition, say experts who back regional approaches to tackle nutrition disparity. One in every five children younger than five is malnourished nationwide and one ...
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session
Reuters: Sri Lanka’s tea production fell in 2011 from a record high in the previous year due to bad weather, but the top agricultural export earned a record $1.5 billion, the State-run tea board said on Thursday. Tea output in 2011 fell 0.9 per cent to 328.37 million kg from the previous year’s record 331.43 ...
In the backdrop of the uncertain conditions that exists in some of Sri Lanka’s key tea exports destinations, attempting to analyse market prospects could have a strong element of ‘crystal ball’ gazing. Nevertheless, a logical approach would be to analyse the past performance of the industry and equate it to supply/demand scenarios that are likely ...