Forbes bags 5 record prices at weekly tea auctions

Views - 33 Friday, 22 September 2017 00:00

Shawlands Estate established yet another all-time record price of Rs. 1,400 for an OP1 grade in the Uva medium grown

Abbotsleigh Estate achieves all-time record price

Views - 23 Friday, 22 September 2017 00:00

At this week’s tea auction held on 20 September, an invoice of PF1 from Abbotsleigh Estate, Watawala selling under the Florence Mark secured an all-time Colombo Tea Auction record price of Rs. 710 per kg in the CTC High Grown Category.

Two all-time record prices at tea auctions

Views - 21 Thursday, 21 September 2017 10:29

At this week’s tea auction held on 19 and 20 September, two all-time Colombo auction record prices were established for the following teas coming under the Low Grown elevation.

All-time record price for Hingalgoda Tea Factory

Views - 12 Thursday, 21 September 2017 10:28

The Hingalgoda Tea Factory situated in Hiniduma in the Galle District established an all-time record price at the weekly tea auctions held on 20 September by securing an attractive price of Rs. 800 per kg for a PF1 grade in the Low Grown CTC category

Expanding opportunities in Russian market for Sri Lankan spices and coconut products

Views - 36 Monday, 18 September 2017 09:50

The Embassy of Sri Lanka in the Russian Federation, in association with the Department of Commerce of Sri Lanka, has completed yet another successful story during the month of September by organising a Business Networking Session for the sectors of c

China launches anti-dumping probe into some rubber imports from EU, US and Singapore

Views - 8 Monday, 18 September 2017 09:49

BEIJING (Reuters): China’s Commerce Ministry said it has launched anti-dumping investigations into hydrogenated butyl rubber from the United Sates, the European Union and Singapore.

Kirklees Estate once again amongst record books at Colombo Tea Auctions

Views - 19 Monday, 18 September 2017 09:48

At the recently concluded tea auction of 13 September, Kirklees Estate had the proud distinction of establishing another All Time Record Price in the Uda Pussellawa category, when an invoice of Kirklees Estate Dust No-1 obtained a price of Rs. 710 su

Shawlands achieves another record price!

Views - 81 Monday, 18 September 2017 08:47

Shawlands Estate established an all-time record price of Rs. 1,250 for an OP1 grade at the weekly tea auctions held on 12 September, in the Uva medium grown elevational category. This invoice was purchased by M/s., Tea-Link Colombo Ltd. and marketed

New Batuwangala equals all-time record for PEK1 grade

Views - 109 Friday, 15 September 2017 00:00

An invoice of Low Grown PEK1 sold under the New Batuwangala Mark sold at Rs. 880 per kg, equalling the existing record for this type of tea.

Unstable policies thwart foreign exchange income from local tobacco leaf

Views - 20 Friday, 15 September 2017 00:00

Sri Lanka is losing out on over $ 30 million in export incomes due to its volatile stance on tobacco leaf farming. Ceylon Tobacco Company’s Supply Chain Director Rukshan Gunatilaka said that the company had secured an order of 30,000 kilograms

All-time record price for Suduwelipothahena CTC PF1

Views - 22 Friday, 15 September 2017 00:00

The Galpaditenne Tea Factory situated in Lellopitiya, Ratnapura, established an all-time record price at the weekly

Browns Agriculture continues to play pivotal role in Govt.’s relief initiative

Views - 15 Friday, 15 September 2017 00:00

The Browns Agriculture Division was selected by the Sri Lankan Government as the preferred partner in its recent relief initiative to distribute water to drought-affected communities living in various parts of the country.

Under EU attack, top palm oil producers rethink trade strategy

Views - 59 Friday, 15 September 2017 00:00

JAKARTA/KUALA LUMPUR (Reuters): Facing a backlash in Europe over palm oil’s environmental toll, the world’s top producers are scrambling to find new markets and even striking unusual barter deals, such as exchanging Sukhoi jets for the edible oil

Improved demand at tea auctions

Views - 21 Friday, 15 September 2017 00:00

A total of 6.2M/kgs came under the hammer this week. There was improved demand, possibly triggered by limited availability.

Bayer joins in $ 100 m investment bet on ag-biotech startup

Views - 13 Friday, 15 September 2017 00:00

Chicago (Reuters): Germany’s Bayer AG, one of the world’s biggest agricultural chemical companies, is joining a $100 million bet that the next big breakthrough in crop fertilisers will be found inside a biological Petri dish.

Govt. to launch national food production battle to revive agriculture, ensure food security

Views - 21 Wednesday, 13 September 2017 00:00

The Government will launch a week-long national food production battle under the patronage of President Maithripala Sirisena next month to revive agriculture and ensure food security.

Wheat curbed by global supply as market waits on USDA report

Views - 7 Wednesday, 13 September 2017 00:00

Paris/Singapore (Reuters): Chicago wheat eased on Monday as swelling harvest supplies in the Black Sea export region hung over a subdued market a day ahead of closely watched US government crop forecasts.

EU, UNDP and FAO join hands to improve palmyrah production and veterinary training in Mannar

Views - 9 Tuesday, 12 September 2017 00:00

The Palmyrah Fibre Production Centre, and Palmyrah Pulp and Root Processing Centre in Tharavankoddai, Mannar District, were inaugurated by the Head of Cooperation of the European Union Delegation to Sri Lanka and the Maldives, Libuse Soukupova. These

Tea Board Chief to keynote 163rd AGM of Planters’ Association

Views - 24 Tuesday, 12 September 2017 00:00

The 163rd Annual General Meeting (AGM) of the Planters’ Association of Ceylon, one of the plantation sector’s most important gatherings, is scheduled to take place at the Grand Ballroom of the Galadari Hotel on 22 September.

China funds Rs. 50.2 m agricultural economic centre in Polonnaruwa

Views - 23 Tuesday, 12 September 2017 00:00

President Maithripala Sirisena and Chinese Ambassador Yi Xianliang last week participated in the groundbreaking ceremony of the China-aid agricultural economic centre in Kaduruwela, Polonnaruwa.

Tea industry continues 1Q momentum

Views - 77 Tuesday, 12 September 2017 00:00

The second quarter of the Sri Lankan tea industry saw a continuation of the momentum seen in the first quarter with elevational averages recording high levels in comparison to year 2016.

The many uses of biotechnology in helping to feed the world’s hungriest region – Asia and the Pacif

Views - 13 Friday, 8 September 2017 00:00

As an economist by profession, understanding the complex world of agricultural sciences involves a learning curve. When we talk about employing biotechnologies in agricultural production and sustainable food systems for better nutrition it’s easy t

Delegates from Assam join hands with Sadaharitha to benefit from Agarwood

Views - 23 Friday, 8 September 2017 00:00

A distinguished delegation from All Sanchi (Agar) Growers’ Association of Assam (ASGAA) has visited Sri Lanka recently, to strengthen the bilateral partnership with Sadaharitha Plantations in a joint expedition to share best practices in growing an

Veteran perspectives on replanting, glyphosate and 150 years of Ceylon Tea

Views - 19 Friday, 8 September 2017 00:00

It has been over 150 years since Sri Lanka witnessed the establishment of its very first tea plantations and while the crop and the island have since become synonymous with one another, today Sri Lanka’s tea industry faces challenges on an unpreced

A closer look at the Sri Lankan tobacco market

Views - 44 Wednesday, 6 September 2017 00:00

Over the last 10 years, Sri Lanka has been passionately pursuing a war against tobacco, together with Government agencies and not-for-profit organisations combining their efforts in order to increase regulation and taxation measures on the tobacco in

Why do agricultural value chains fail? Part (VIII): Will giving things free work?

Views - 151 Wednesday, 6 September 2017 00:00

Subsidies are popular economic instruments in agriculture. Input subsides such as seeds and fertiliser and output subsides such as guaranteed price schemes are very popular. In addition agricultural insurance and Information and Communication Technol

World Bank defends treatment of India tea pickers amid fears of exploitation

Views - 50 Monday, 4 September 2017 00:00

NEW DELHI (Thomson Reuters Foundation): The World Bank group has defended the treatment of tea pickers at an Indian project it funds with the multinational Tata Global Beverages, dismissing criticism that thousands of workers were living in poor cond

USAID-supported CSR Sri Lanka and UN WFP bring private sector together for recommendations on food

Views - 25 Monday, 4 September 2017 00:00

More than 50 representatives from leading private sector agro and food processing companies came together to exchange ideas and provide recommendations on how to achieve food security and address nutritional issues in Sri Lanka at a forum, organised

Fonterra invests Rs. 450 m to boost demand for local fresh milk

Views - 22 Monday, 4 September 2017 00:00

Fonterra Brands Sri Lanka can now meet demand for an extra 10 million servings of locally-sourced Anchor Newdale yoghurt each month, with the investment in its second state-of-the-art Rs. 450 million form-fill-seal (FFS) machine.

President opens Agriculture In-Service Training Institute in Batticaloa

Views - 28 Monday, 4 September 2017 00:00

Marking a milestone in the agricultural sector in the Eastern Province of Sri Lanka, the Agriculture In-Service Training Institute (ISTI) was declared open by President Maithripala Sirisena in Batticaloa recently. The ISTI was reconstructed by the Fo

Today's Columnists

Turkey could be an additional player in South Asian affairs

Saturday, 23 September 2017

With improvement of ties with Bangladesh after the standoff over the 1971 war crimes trials, and with the strengthening of relations with Pakistan, an economically resurgent and politically ambitious Turkey may become a factor in South Asian affairs

Media Freedom: alive and not so well… is it?

Friday, 22 September 2017

Today the only corpses in sight are those lining the bullpen – critics and social commentators who have fallen asleep at their desks, lulled by a democracy that offers peace but pre-empts justice. Oscar Wilde,

Rise of sustainable electric automobiles and the end of petrol and diesel vehicles

Friday, 22 September 2017

The past three years have been the hottest in recorded history and 2017 is already projected to be hotter than 2016! The cause for this heating up of the planet is clearly due to the excessive burning of fossil fuels.

The cry of ‘export or perish’ becoming real to Sri Lanka

Friday, 22 September 2017

Prime Minister Ranil Wickremesinghe speaking at the International Organization of Securities Commissions (IOSCO) Annual Committee held in Colombo said for Sri Lanka to promote exports and investment, the Government will soon introduce several laws in

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