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 ...

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

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 ...

The year 2011 commenced in the backdrop of many milestones that were achieved in 2010. If we are to analyse the events that unfolded during the first quarter of 2011 in retrospect and review the performance of the tea industry, it would give a great deal of relief and satisfaction. The Colombo auction in January ...

By Cheranka Mendis The tea industry anticipates mixed signals as the year closes on a high amidst Middle Eastern turmoil which spells evil in the coming year. The industry which is likely to close the year with export revenue exceeding the previous year’s number and breaking the record production volume of 2010, is expected to ...

Last week I was tasked with the responsibility of being a speaker at a Global Coffee and Tea Convention and with much pride announced to the international foray that Sri Lanka had progressed in the world competitiveness rankings from 79 two years back (2009) to be a top 52 country in the world today as ...

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 ...

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’...

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% ...

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 ...

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.

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 ...

Mar 24, Colombo: The Sri Lanka Tea Board (SLTB) statistics have revealed that the country's tea production in February has recovered from the effects of drought and economic crisis experienced in 2009.