Thailand to ink rice MOU with China this week

Published : 12:35 am  November 21, 2012  |  Category: Agriculture  |  Leave a Comment  |  355 views  |  

BANGKOK (Reuters): Thailand will sign a memorandum of understanding to sell rice to China during Chinese Premier Wen Jiabao’s official visit to Bangkok this week, a senior Commerce Ministry official said on Tuesday, but gave no details of the variety or price agreed. Thailand, the world’s No. 1 rice exporter, is in danger of losing its top position for the first time since 1983 because of a government intervention scheme that has pushed up export prices to uncompetitive levels.  Read More →


World’s largest rubber consumer China starts stockpiling

Published : 12:27 am  November 20, 2012  |  Category: Agriculture  |  Leave a Comment  |  1,457 views  |  
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Reuters: China, the world’s largest rubber consumer, has started buying natural rubber from domestic markets to support prices in its first stockpiling effort for the commodity since 2009, the latest sign the country could be pushing ahead with stimulus measures as a new leadership takes the reins. But the up to 2000,000-ton purchase, reported by state media, may not have a long-term impact due to the country’s rising inventory and strong imports.  Read More →


Starbucks buying tea store chain Teavana, eyes repeat of coffee success

Published : 12:26 am  November 20, 2012  |  Category: Agriculture  |  Leave a Comment  |  460 views  |  

Reuters: Starbucks Corp said it plans to buy tea store chain Teavana Holdings Inc for $620 million, aiming to replicate the success it has had with its namesake coffee shops.  Read More →


Major rubber producers to meet again to stabilise prices

Published : 12:26 am  November 20, 2012  |  Category: Agriculture  |  Leave a Comment  |  485 views  |  

Reuters: Thailand, the world’s biggest rubber producer and exporter, are calling for a meeting with major producers Indonesia and Malaysia, to seek ways to stabilise rubber prices.  Read More →


Ministerial delegation promotes Lankan spices in Brazil

Published : 12:25 am  November 20, 2012  |  Category: Agriculture  |  Leave a Comment  |  2,123 views  |  

Minister of Minor Export Crop Promotion Reginald Cooray and three delegates visited Brazil during 21-26 October 2012 on a trade promotion mission for Sri Lankan spices.  Read More →


Eswaran Brothers Exports first in Asia to Water Footprint tea products

Published : 12:25 am  November 20, 2012  |  Category: Agriculture  |  Leave a Comment  |  1,980 views  |  

Eswaran Brothers Exports cemented its position as the country’s leader in sustainable tea products by commissioning the country’s first Organisational and Product Water Footprints.    Read More →


New Director General at Tea Board

Published : 1:45 am  November 16, 2012  |  Category: Agriculture  |  Leave a Comment  |  1,352 views  |  
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Sri Lanka Tea Board which is the apex body for regulation, promotion and development of the tea industry under the Ministry of Plantation Industries, appointed Damitha Narangoda as the new Director General recently.  Read More →


HVA Foods brews impressive turnaround

Published : 1:42 am  November 16, 2012  |  Category: Agriculture  |  1 Comment  |  402 views  |  

First half net profit up 411% to 25.5 m; revenue by 23% to Rs. 367.3 m   Often flagged as junk or speculative stock by some, HVA Foods Plc’s first half results are likely to silence critics as the company has produced an impressive turnaround.  Read More →


BOI signs agreement with Janora Foods Industries

Published : 1:41 am  November 16, 2012  |  Category: Agriculture  |  2 Comments  |  809 views  |  

The Board of Investment of Sri Lanka signed an agreement with Janora Foods Industries (Pvt) Ltd recently.   Mr. M M C Ferdinando, Chairman / Director General of BOI signed the agreement on behalf of BOI and Mrs. Inoka Joseph, Chairperson signed on behalf of Janora Food Industries (Pvt) Ltd.  Read More →


Losses at Tea Board not a worry for Minister

Published : 12:01 am  November 15, 2012  |  Category: Agriculture  |  Leave a Comment  |  462 views  |  
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By Ashwin Hemmathagama Our Lobby Correspondent The Sri Lanka Tea Board (SLTB) need not make profits, but operating under Treasury support with continuous losses was seen as insignificant by Minister of Plantation Industries Mahinda Samarasinghe recently at Parliament. According to Minister Samarasinghe, the primary objectives of SLTB are to develop the tea industry in Sri Lanka, promotion of Ceylon (Sri Lanka) Tea globally, and implemention of regulatory requirements of the tea industry.  Read More →


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