Oil steady on easing Middle East concerns
SINGAPORE, Aug 16 (AFP) - Crude prices were steady in Asian hours Wednesday as traders breathed easier over the Middle East after the UN ceasefire in Lebanon …
Agriculture
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Tea exporter in Sri Lanka to get incentive fees for value addition
August 16 (LBO) - Sri Lankan tea exporters can tap into about 30 million rupees in cess funds being given this year as an incentive for value added exports of …
Treasury in talks with ADB to structure donor backed bonds for plantations
August 14 (LBO) - Sri Lanka is in talks with the Asian Development Bank to structure donor backed bonds to encourage private investment into the plantation …
Harrods designs Ceylon teas from Sri Lanka
Aug 11 (LBO) - A top UK department store says it is expanding its selection of up market Ceylon Teas by introducing more custom made designer teas to tempt …
Sri Lanka’s tea crop falls short in June
August 3, 2006 (LBO) - Sri Lanka's tea output dipped 2.0 percent for the six months to June, after good rainfall brought in a record harvest in 2005, a …
Tea exporters in cash and logistics crunch due to port strike
July 20, 2006 (LBO) - A backlog of tea shipments and falling prices due to trade union strikes at the Colombo port has vessels bypassing Sri Lanka and tea …
James Finlays ups capacity at its tea bagging plant
July 11 (LBO) - James Finlays has upped capacity at its tea factory, turning out bio-degradable tea bags to break into new markets in the United States and …
Kenya expects 2006 tea production to drop more than 10 percent
NAIROBI, June 26, 2006 (AFP) - Kenyan tea production dipped in May and is expected to fall between 10 and 16 percent in 2006 compared with a year earlier due …
Company riches to grow on rubber boom, stocks to get re-rated
June 25, 2006 (LBO) - Sri Lankan plantation companies are expected to rake in the riches in the ongoing rubber boom, with analysts expecting stocks to trade …
Record tea exports Jan-May
June 21, 2006 (LBO) - Sri Lanka shipped more tea to overseas markets for the five month to May, earning a record 35 billion rupees, a commodity broker said …
Govt talks to Russia for lower cost fertiliser imports
June 20 (LBO) - The government is in talks with Russia to source the country's fertiliser needs at lower cost, bypassing local agents for international …
Namunukula Plantations sub-leases estates for a tea bottling project
June 15 (LBO) - Namunukula Plantations said Thursday that it had subleased its Uva range of estates to Tusker Bottling Company for 50 million rupees. online …
Bad weather, strong demand to keep rubber prices up this week
June 12 (LBO) - Rubber prices in Sri Lanka are expected to stay strong this week as bad weather and a resulting supply crunch drive prices upwards, brokers …
Sri Lanka in talks with Russia to lower tea import duties
June 09 (LBO) - Sri Lanka is in talks with Russia to lower import duties on tea, as Russia begins freeing up trade in a bid to enter the World Trade …
Cinnamon trees sprout again in tsunami-hit Sri Lanka village
HIKKADUWA, Sri Lanka, June 8, 2006 (AFP) - Eighteen months after the tsunami uprooted centuries-old cinnamon plantations in a country where the golden cash …
Sri Lanka’s tea crop dips 5% in April
June 7, 2006 (LBO) - Sri Lanka's tea crop for the four-months to April grew to an all time high of 2.9 percent or 108.52 million kilos, helped on by good …
Local tea industry draws up new standards on exports to Japan
June 05 (LBO) - After pressure from Japan, the Sri Lankan tea trade is drawing up a uniform declaration for exporters to clear their tea shipments as free …
Tsunami puts Sri Lanka’s cinnamon industry on a different plane
A budding cinnamon plant that's growing after the tsunami. PERALIYA, June 3, 2006 (LBO) -- Wearing a red crash helmet to beat the sun, Punya Sena crouches on …
Rubber could lose some steam this year, but stay a cash cow
June 02 (LBO) - Overheated rubber prices are expected to settle down from its recent high spell, brokers say, but stocks with high exposure to rubber will …
Sri Lanka ships more earns more from shipping tea in April
Apr. 26 (LBO) - Sri Lanka shipped 98.65 million kilos of tea in April to overseas buyers higher than 87.96 million kilos reported during the same period 2005, …