Bank of Ceylon introduces ‘Thurusaviya Loan Scheme’ for small scale rubber estate owners

Published : 12:00 am  December 24, 2012  |  Category: Agriculture  |  Leave a Comment  |  2,605 views  |  

Rubber is one of the three main export crops in our country.  At present, Sri Lanka produces 150,000 metric tons of rubber per month.  The income received from export of rubber in 2010 was Rs. 83,224 million (US$ 736 million). Observations since 2004 have revealed that the income we get from producing rubber has continuously been increasing. It is from the rubber produced by the small rubber estate owners that we earn 65% of the foreign exchange earned from rubber products.  Read More →


Spice industry maintains positive performance in 2012

Published : 12:00 am  December 24, 2012  |  Category: Agriculture  |  Leave a Comment  |  1,046 views  |  

Expects increase in spice exports over 2011By Cheranka Mendis  The current year has been a successful and eventful one for the local spice industry and stakeholders are anticipating a slight increase in spice exports by the end of the year in comparison to 2011.  Read More →


Restoring tanks reawakens agro sector

Published : 12:01 am  December 17, 2012  |  Category: Agriculture  |  Leave a Comment  |  858 views  |  
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Economic Development Minister Basil Rajapaksa has attributed Sri Lanka’s rapid development to direct Government participation in expediting public welfare measures. He told this to a visiting UN team and a group of intellectuals from New York City when he met them at the Parliamentary complex.  Read More →


Finlay Plantations bags all-time record price at Tea Auctions

Published : 12:00 am  December 17, 2012  |  Category: Agriculture  |  Leave a Comment  |  884 views  |  

At the Colombo Tea Auctions concluded on 12 December, Pekoe 1 grade produced by Court Lodge Estate Kandapola was sold at an all-time record price of Rs. 1,300 per kilo. The buyer of this tea was Venture Tea Ltd.  Read More →


CIC Agri MD/CEO receives South Asian Responsible Business Leader Award

Published : 12:00 am  December 17, 2012  |  Category: Agriculture  |  Leave a Comment  |  539 views  |  

CIC Agri Businesses Managing Director/Chief Executive Keerthi Kotagama received a prestigious International   Award for being a Responsible Business Leader in South Asia at the Asia Responsible Entrepreneurship Awards (AREA) held in New Delhi. The award was bestowed by Enterprise Asia, a non-governmental organisation for entrepreneurship which annually organises 15 regional programs in the Asian Region.  Read More →


All time record prices at tea auctions this week

Published : 12:35 am  December 13, 2012  |  Category: Agriculture  |  Leave a Comment  |  639 views  |  
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At tea auctions held at the Ceylon Chamber of Commerce on 5 December 2012, all time record prices were achieved by five garden marks. The lines of tea (see table) were sold by John Keells PLC.  Read More →


Kenya top tea grade price rises for 5th week

Published : 12:33 am  December 13, 2012  |  Category: Agriculture  |  Leave a Comment  |  605 views  |  

NAIROBI, Dec 12 (Reuters): The average price of Kenya’s top tea grade rose for a fifth straight week at auction to $4.42 per kg from $4.33 at the previous sale, brokers said.  Read More →


Asia Rice: Vietnam lowers prices to compete with India in dull market

Published : 12:31 am  December 13, 2012  |  Category: Agriculture  |  Leave a Comment  |  368 views  |  

BANGKOK, (Reuters) – Vietnam has been vying with India to sell more rice this week by cutting prices to attract buyers in a largely inactive market ahead of the year-end holidays, traders said on Wednesday.  Read More →


Rubber: Tokyo futures rise to two-month high

Published : 12:30 am  December 13, 2012  |  Category: Agriculture  |  Leave a Comment  |  297 views  |  

TOKYO (Reuters): Key TOCOM rubber futures rose 1.9% to a two-month high on Monday, tracking gains in the Shanghai market as strong output data in China over the weekend helped revive risk appetite, with rises in shares and some commodities extending additional support.  Read More →


Excellent demand at auctions

Published : 12:30 am  December 13, 2012  |  Category: Agriculture  |  Leave a Comment  |  420 views  |  

Ex Estate teas once again met with excellent demand this week with all major buyers bidding actively to cover orders in hand. Better Western BOP’s gained Rs. 10 and more whilst their corresponding BOPF advanced up to Rs. 20 and sometimes more with the progress of the sale.  Read More →


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