Industry Has a Bright Future-Analyst By Dinouk Colombage Tea prices at the Colombo auctions have increased after the weakening of the rupee and demand high. “Tea prices have seen an increase due to the rupee devaluation, however, there has been no change to the level of demand,”  Oshan de Silva, marketing executive of Forbes and ...

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 ...

By Elmo Leonard Sri Lanka’s mid-February dual hike of diesel by 37 percent and electricity for industry by 15 percent sent shock waves through the gamut of the island’s tea industry. As Sri Lanka celebrates 145 years of commercial tea plantations this year, the government’s boast is that the industry sustains 2 million of its population, directly and indirectly. The brag was echoed by Minister of ...