World food prices edge down in November: FAO

Views - 12 Tuesday, 2 January 2018 00:00

ROME (Reuters) - World food prices fell fractionally in November from the month before, as a sharp rise in sugar and vegetable oil values was largely offset by a fall in dairy, according to the United Nations food agency. The Food and Agriculture Org

Potash Corp, Agrium win final approval to merge, forming Nutrien

Views - 27 Tuesday, 2 January 2018 00:00

Washington/Calgary, Alberta (Reuters): Potash Corp of Saskatchewan Inc and Agrium Inc have received final regulatory clearance to merge, forming a new company to be known as Nutrien, the two firms said last week. The two Canadian fertilizer and chemi

Global wood production growth accelerates

Views - 100 Tuesday, 2 January 2018 00:00

Rome: Global production of major wood products surged in 2016 for the seventh consecutive year with a growth rate of 3 to 6%, according to new data published by the UN Food and Agriculture Organization. The fastest increase in major wood products (in

New insurance scheme introduced for six crops

Views - 33 Thursday, 28 December 2017 00:00

A new insurance scheme has been introduced for six varieties of crops including paddy from the forthcoming Maha season with a minimum premium from farmers. Under the new crop insurance system introduced by the Agriculture Agrarian Insurance Board (AI

Russian technical team to visit SL in new year for plant quarantine procedure familiarisation

Views - 25 Thursday, 28 December 2017 00:00

A team of technical experts from Russia is to visit Sri Lanka in late January to early February 2018 for familiarisation with the current plant quarantine procedure in Sri Lanka This visit was agreed during the bilateral talks held early this week i

Tea sector trailblazer Eranda Aberathna of Halpé Tea wins ‘National Young Entrepreneur of the Year 2

Views - 46 Thursday, 28 December 2017 00:00

Starting a business is always a daunting task for any entrepreneur. For Eranda Aberathna, Managing Director U.H.E. Exports Ltd., success comes from the courage to dream big. Launching the company just three and a half years ago with only himself and

Record price for Uva High Grown OP

Views - 26 Thursday, 21 December 2017 00:00

An invoice of Uvakellie OP from Verallapathna Estate realised a price of Rs. 800 per kg. Teas were purchased by Stassen Exports Ltd. Verallapathna Estate is a part of Madulsima Plantations PLC, a member of the Stassen Group of Companies. Teas were

Two all time record prices for Hingalgoda Tea Factory

Views - 19 Thursday, 21 December 2017 00:00

Situated in the hills of Hiniduma in the sub-district of Galle, Hingalgoda Factory established two all time record prices at the weekly tea auctions held on 19 December. This outstanding record was achieved in the Low Grown CTC category. The PF1 grad

Southern Group Cee Tee Hills Tea Processing Centre achieves all-time record price

Views - 27 Thursday, 21 December 2017 00:00

The Cee Tee Hills Tea processing center situated in Beralapanatara, Deniyaya achieved an all-time record price of Rs. 830 for a CTC PD grade at the weekly tea auctions held on 19 December. This invoice was purchased by L.G.W. Perera and Co. and mark

Kelani and SLS Tea Factory achieve all-time record prices

Views - 29 Thursday, 21 December 2017 00:00

These record-breaking prices were achieved by Forbes and Walker Tea Brokers Ltd. at the final tea auction for the year held on 19 December. Kelani Tea Factory The Kelani Tea Factory, situated in Yatiyanthota in the Sabaragamuwa Province, achieved an

Tea industry’s performance in 2017 and prospects for 2018

Views - 143 Thursday, 21 December 2017 00:00

By Forbes and Walker Tea Brokers Tea industry 2017 in retrospect Year 2017 will go down in history as one of the better years for the tea industry, particularly in terms of prices, a fitting tribute to the sesquicentennial year of the tea industry.

Coconut crisis – can drip irrigation save the industry?

Views - 250 Wednesday, 20 December 2017 00:00

For the past year and more, the consumers had to undergo severe hardship due to the price increase of coconut, an essential item in daily food

National Tea Awards recognise outstanding performance of Akbar Brothers

Views - 56 Wednesday, 20 December 2017 00:00

Akbar Brothers Ltd. received nine National Tea Awards at the ceremony held on 9 December presided by President of the Democratic Socialist Republic of Sri Lanka Maithripala Sirisena.

Malin Goonetileke conferred with Lifetime Achievement at National Tea Awards

Views - 27 Wednesday, 20 December 2017 00:00

In commemoration of 150 years of excellence of Ceylon Tea, the Ministry of Plantation Industries and the Sri Lanka Tea Board hosted the National Tea Awards at which Malin Goonetileke

Hayleys Agri wins 2 Gold awards at National Business Excellence Awards 2017

Views - 61 Wednesday, 20 December 2017 00:00

Hayley’s Agriculture Holdings, the agribusiness division of the Hayleys PLC, won sweeping recognition for its innovative agri-business practices in Sri Lanka,

Sri Lanka Tea Board at Saudi Horeca Exhibition 2017 in Riyadh

Views - 18 Wednesday, 20 December 2017 00:00

The Sri Lanka Tea Board, in collaboration with the Embassy of Sri Lanka in Riyadh, organised a Sri Lanka tea pavilion at the Saudi Horeca 2017 Exhibition, which was held from 27-29 November.

Tea industry overview: January to September

Views - 87 Tuesday, 19 December 2017 00:00

The third quarter of the Sri Lankan tea industry witnessed a continuation of the upward momentum with increased demand being observed from some of the major importers of Ceylon Tea, especially from Turkey and Russia.

Unilever to sell spreads business for $ 8 b

Views - 27 Monday, 18 December 2017 00:00

Reuters: Unilever has agreed to sell its margarine and spreads business to US private equity firm KKR for 6.83 billion euros ($ 8.04 billion) to concentrate on faster growing products.

Secretary of State Republic of Seychelles visits Cinnamon Legends

Views - 37 Monday, 18 December 2017 00:00

State Secretary of Seychelles Dick Patrick Esparon and a senior delegation recently visited Cinnamon Legends head office and factory on 12 December.

Sri Lanka, Pakistan rice biz wrap pioneering talks in Colombo

Views - 24 Monday, 18 December 2017 00:00

The first ever meeting between Pakistan’s sole rice exporter grouping REAP and Sri Lanka’s essential commodities import conglomerate EFCITASL was successfully wrapped in Colombo on 14 December despite coming up short on high expectations of a ric

FAO Food Price Index declines in November amid cereals boom

Views - 26 Friday, 15 December 2017 02:50

Bangladesh tea prices fall amid supply glut

Views - 17 Friday, 15 December 2017 02:49

Tea prices fell at Bangladesh’s weekly auction amid a higher supply than the previous sale, although strong demand for quality....

India sugar exporters to seek lower import tax on shipments to Sri Lanka, Bangladesh

Views - 12 Friday, 15 December 2017 02:48

Indian sugar exporters will seek lower import duties on its sugar exports to neighbouring Sri Lanka and Bangladesh, a top....

All-time record price for Suduwelipothahena CTC

Views - 15 Friday, 15 December 2017 02:45

Galpaditenne Tea Factory situated in Lellopitiya, Ratnapura established an all-time record price at the weekly tea auction of 13 December by...

Why are farmers not utilising their lands and watching them go to waste despite Government efforts?

Views - 325 Thursday, 14 December 2017 00:00

Ramanathan (not his real name), a land owner, received a letter from the Govi Jana Sevaya, stating that his fields and some bare lands have not been cultivated for several years.

Pakistan wants Sri Lanka to taste more of its famed basmati

Views - 29 Thursday, 14 December 2017 00:00

Pakistan’s influential and sole rice exporters grouping has urged the Trade Minister to slash import tax slapped in Colombo on their shipments on 12 December

Financial assistance to improve the quality of food processing industries

Views - 22 Thursday, 14 December 2017 00:00

The Ministry of Industries and Commerce iis providing financial assistance to improve the quality of food processing industries in the country

RDB Bank to offer relief for coconut cultivation and industry

Views - 50 Thursday, 14 December 2017 00:00

Sri Lanka, which is known as the Pearl of the Indian Ocean, has been a very popular destination among Europeans during the past four centuries

Athukorala Group wins at National Tea Awards

Views - 36 Thursday, 14 December 2017 00:00

Athukorala Group Chairman Anura Athukorala was awarded at the recently-concluded National Tea Awards organised by the Ministry of Plantation and National

Caring for the planet starts from the ground: World Soil Day observed in the central highlands

Views - 23 Tuesday, 12 December 2017 00:00

World Soil Day is held annually in December as a means to focus attention on the importance of healthy soil and advocating for the sustainable management of soil resources. In Sri Lanka, the Food and Agriculture Organization of the United Nations (F

Today's Columnists

Problem is not us women and booze: It’s paternalism and capriciousness in policymaking

Friday, 19 January 2018

The other day the President of Sri Lanka went public expressing his intention to revoke a ministerial order revoking the notion that a woman of any age has no more maturity than a youth less than eighteen years old.

MS-RW Unity Govt. must stay united for the sake of the country

Friday, 19 January 2018

A few days after the Unity Government celebrated its third anniversary, President Maithripala Sirisena asked the Supreme Court: “Whether

The joy of books! Cuddling up with a wish to explore

Thursday, 18 January 2018

I walked into a small communication shop to discover that you can buy almost anything from rubber seeds and tree leaves to bird feathers to support a student attending a school. I noted that all leaves are properly and accurately (hopefully!) identif

Wake up, drifting mega infrastructure development professionals!

Thursday, 18 January 2018

Infrastructure investment is a key driver of a stronger and productive economy. Stakeholders, especially the public and the international funding agencies, demand greater transparency and scrutiny on infrastructure decision as the Government spend th

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