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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 ...
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.