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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’...
Bad weather is hitting the production of tea in Sri Lanka, one of the island's most crucial industries.
At this week’s Tea Auction conducted on 27 September, an Invoice of the OP grade from Magedara Tea Factory established an All Time Colombo Tea Auction Record Price of Rs. 800 per Kg, bettering the previous record price of Rs. 790 which was recorded at the Auction of 13 September, 2011. The tea was sold ...
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% ...
Sri Lanka tea production from the highest hilly locations, and from medium altitudes, declined sharply in August.
The annual “IFTM TOP RESA” (International French Travel Market) was held in Paris with the participation of more than 1200 companies, including several Chief Executives from well established travel companies in Sri Lanka. Sri Lanka’s participation was facilitated by the Embassy of Sri Lanka in France in collaboration with the Sri Lanka Tourism Promotion ...
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 ...
President Rajapaksa who is attending the 66th session of the UN General Assembly has held talks with several world leaders. The progress achieved by Sri Lanka since the elimination of terrorism from the island earned plaudits of the world leaders. The President yesterday had bilateral discussions with leaders of Slovenia, Kyrgyzstan and Nigeria. The President ...
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 ...