Tokyo rubber futures hit 10-month high on weaker Yen

Published : 1:12 am  February 8, 2013  |  Category: Agriculture  |  Leave a Comment  |  355 views  |  

Reuters: Benchmark Tokyo rubber futures hit a 10-month high on Wednesday as a weaker yen and stronger shares helped spur further buying. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for July delivery rose 2.5 yen, or 0.8 per cent, to settle at 334 yen ($ 3.58) per kg. The contract jumped as high 337.8 on Wednesday, the highest since 339.5 hit on 28 March 2012.  Read More →


Glencore Director says corn use in biofuel questionable

Published : 1:11 am  February 8, 2013  |  Category: Agriculture  |  Leave a Comment  |  361 views  |  

DUBAI (Reuters): A director of commodity trading giant Glencore on Sunday questioned the conversion of corn into ethanol biofuel, saying it can contribute to higher prices.  Read More →


Can tea cartel be more than a storm in a teacup?

Published : 12:01 am  February 1, 2013  |  Category: Agriculture  |  Leave a Comment  |  1,754 views  |  
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Tea cartel aims to ensure price stability by boosting demand Six producers face labour shortages, climate change Cartel may also work against producers MUMBAI (Reuters): Brewing a tea cartel is proving more difficult than a cuppa for six major producers of the world’s most widely consumed beverage, who last week decided to join forces without explaining exactly what they planned to do. India, Kenya, Indonesia, Malawi, Rwanda and Sri Lanka, which account for more than 80 per cent of the world’s tea output, agreed in Colombo to form the International Tea Producers Forum, an organisation they said was aimed at stabilising prices, promoting the beverage and ensuring sustainable production.  Read More →


CTTA Chairman welcomes formation of International Tea Producers Forum

Published : 12:01 am  February 1, 2013  |  Category: Agriculture  |  Leave a Comment  |  1,788 views  |  

“As the Chairman of the apex body of the tea industry of Sri Lanka, the Colombo Tea Traders’ Association (CTTA), I acknowledge, with immense satisfaction, the formation of the International Tea Producers’ Forum (ITPF), comprising seven of the largest tea producing countries in the world,” said CTTA Chairman Jayantha Keragala. “For many decades, repeated endeavours have been made to establish such a Forum, without success.  Read More →


Revision of tea export cess for bulk tea affects exports and prices: TEA

Published : 12:01 am  February 1, 2013  |  Category: Agriculture  |  Leave a Comment  |  1,022 views  |  

Following is a statement issued by the Tea Exporters’ Association on the revision of tea export cess for bulk tea A large number of tea export containers were held up following a sudden revision of the tea export cess for bulk teas which had apparently come in to force through a gazette notification dated 23 January 2013. The revised levy unfairly thrust upon the tea export sector is Rs. 10 per kilogram or 5% on the preceding week’s Colombo auction elevational average for the particular grade of tea being shipped.  Read More →


Fourth season of CIC ‘Shoora Goviya’ underway

Published : 12:01 am  February 1, 2013  |  Category: Agriculture  |  Leave a Comment  |  1,595 views  |  

The fourth season of the award-winning CIC ‘Shoora Goviya’ program is currently underway and all preparations are in place to recognise the best young farmers in the country. The competition is an initiative by CIC ‘Humanity’ to further encourage the younger generation to commit to farming and ensure the future development and progress of Sri Lankan agriculture.  Read More →


Asia rubber: Chinese buyers strike deals; stocks watched

Published : 12:01 am  February 1, 2013  |  Category: Agriculture  |  Leave a Comment  |  368 views  |  

SINGAPORE (Reuters): Chinese consumers struck deals to buy a few cargoes of rubber for nearby shipment but high inventory in the world’s top consumer could curb buying interest ahead of the Lunar New Year break, dealers said on Tuesday.  Read More →


Volume of 2012 tea exports declines; export earnings in rupee terms at all-time high

Published : 12:01 am  February 1, 2013  |  Category: Agriculture  |  Leave a Comment  |  3,180 views  |  

Total quantity of tea exported for 2012 excluding re-exports with imported tea amounted to 306.04 mn/kg, a marginal increase of 2.88 mn/kg (+0.95%) when compared with 2011.  Read More →


“Peace is a precondition for food security”: Asitha Perera

Published : 12:00 am  January 31, 2013  |  Category: Agriculture  |  Leave a Comment  |  1,741 views  |  
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Directeur – de – Cabinet of the DG FAO Fernanda Guerrieri, Chairperson Ambassador Gladys Urbaneja Duràn, Permanent Representative of the Bolivarian Republic of Venezuela, excellencies, distinguished colleagues and dear friends, let me begin by wishing all of you a happy and prosperous 2013.  Read More →


Hole in the teacup

Published : 12:55 am  January 24, 2013  |  Category: Agriculture  |  Leave a Comment  |  2,061 views  |  
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2012 production drops; industry urged to come up with solutions, Government backing pledgedBy Cheranka Mendis Sri Lanka’s 2012 tea production dropped marginally by 0.3%, while competing for its place in the global tea market amidst stiff competition from other countries as well as new and emerging trends. Sri Lanka Tea Board Chairperson Janaki Kuruppu yesterday evening revealed the latest “hot, hot” data to the industry at the MTI Tea Strategy Forum held at Hilton Residencies, which discussed whether global forces are threatening the local tea industry.  Read More →


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