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 on: November 26, 2016, 11:40:40 PM 
Started by Ian Gardner - Last post by Ian Gardner
One evening I was leaving Alton, and on the road after the factory and before the estate entrance, when I looked up and saw a beautiful sight: there in front of me stood the peak silhouetted against the dark sky with a red glow; and like an inverted  jewelled necklace the lights to the summit with those of the temple area at the top forming jewelled pendant. I rushed back home, grabbed my camera and took a colour photograph before the magic was lost. It worked, but was a little blurred and I had the slide for decades until someone handled it with jammy fingers necessitating its eventual destruction.

 on: July 27, 2016, 10:10:01 PM 
Started by Ian Gardner - Last post by Ian Gardner
A few days ago, some sixty two years after I did this type of plucking, I did a calculation of the cost of doing this but the state of my eighty two year old brain did not allow me to complete the exercise! However, it did seem to me hat, if this policy were to be introduced over a division or an estate it would involve extra labour without necessarily involving and increase in C.O.P. as there would be an increase in yield and a decrease in stalk extraction, wastage etc.

 on: June 04, 2016, 07:15:25 AM 
Started by HOCT - Last post by HOCT
Source - http://www.ft.lk/article/545485/Industry-hopes-for-better-second-half-as-tea-dips---23-1-m-in-1Q

Industry hopes for better second half as tea dips $ 23.1 m in 1Q

Thursday, 2 June 2016 00:00

Iraq emerged as the unlikely top buyer of Ceylon Tea as Sri Lanka’s first quarter tea exports dropped to $311.8 million in 2016 from $334.9 million in 2015 as producers battled with bad weather and volatile markets.

Sri Lanka tea exports for the 1Q of 2016 amounted to 74.45 m kg vis-à-vis 73.21 m kg recorded for the same period last year (+1.24 m kg), said Ceylon Tea Brokers in its latest Tea Industry Overview. The FOB average price per kilo for this period stood at Rs.605.37 marginally lower than Rs.606.37 (-Rs 1.0) YOY for the same period.

“The total revenue realised for 1Q 2016 from tea exports was Rs.45.07 billion ($311.8m) compared with Rs.44.39 billion ($334.9m). The increase of Rs. 0.68 billion is due to currency depreciation, the report observed.

The total Sri Lanka tea production for 1Q 2016 recorded 70.26m kg in comparison to 79.35m kg (-9.09m kg) for the same period last year. Though production has declined by 9.09m kg, exports have increased by 1.24 m kg compared to the same period in 2015.

However, the industry could recover some of its lost momentum in the second half of this year due to shifts in global politics and in oil prices, the prized commodity on which the majority of Sri Lanka’s tea importing countries depend for their economic wellbeing. Oil prices have seen a steady upward momentum in 1Q quarter of this year.

“Iraq has emerged as the largest buyer of Sri Lankan tea, outplacing Russia in the first quarter. Iran has shown a considerable increase in its purchase volume from Sri Lanka. Turkey, the second largest importer of Sri Lanka tea in 2015, has shown a significant decline in its purchases in the first quarter, moving down to the fifth position,” it said.

Russia has marginally increased its imports in the 1Q but is still saddled with sanctions which are dragging its economy on a downward spiral, the report observed. Iraq in spite of political unrest has emerged as the leading tea importer from Sri Lanka.

Whilst countries with dependency on oil exports and internal strife continue to rotate their positions on the top segment of the importer list, countries with economic and political stability remained untapped.

“India is seen forging ahead in its appetite to grab market share and even outplacing Sri Lanka as the market leader in Russia. Unfortunately we seem to struggle to draw up a strategy as a solution to the constantly-changing market dynamics,” the report noted.

The rapid globalisation continues to diminish traditional strengths and create new opportunities; tea trading hubs are being consolidated in Europe and in Dubai.

Sri Lanka’s inability to penetrate into new markets remains a major drawback whilst China, Kenya and India has seen an upturn in their export earning YOY Sri Lanka’s earnings  seems to have reversed. Further continuous dependence on oil exporting countries has led to a reduction in export earnings, the Ceylon Tea Brokers report went on to say.

“It is important that the industry needs to action decisions as well as look at pragmatic solutions to make our presence felt in the constantly and ever expanding global tea industry. Solutions and opportunities are out there but our ability to step out of our comfort zone and create constructive change by facilitating tangible expansion in export markets as well as generating innovative solutions for problems facing the local tea industry are yet to be seen,” it added. - See more at: http://www.ft.lk/article/545485/Industry-hopes-for-better-second-half-as-tea-dips---23-1-m-in-1Q#sthash.Mm8asdVS.dpuf

 on: June 04, 2016, 07:09:40 AM 
Started by HOCT - Last post by HOCT
Source - http://www.economynext.com/Sri_Lanka_s_Kelani_Valley_expands_to_spices_growing_as_tea_loses_shine-3-5107.html

Sri Lanka's Kelani Valley expands to cinnamon as tea loses shine
May 27, 2016 18:00 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Kelani Valley Plantations, a unit of Sri Lanka's Hayleys group said it is expanding into cinnamon cultivation as tea and rubber prices fall.

Kelani Valley Chairman Mohan Pandithage told shareholders that the firm had invested 43 million rupees to grow cinnamon in 58 hectares out of which 33 was in Kitulgala.

Kelani Valley was until the mid-1990 state-owned and the sector was a burden to the ordinary people with their taxes being used to pay salaries, until it was privatized.

Along with other privatized planations it started paying lease rentals and taxes to the Treasury.

Pandithage said the company was developing Oliphant Bungalow in Nuwara Eliya into a plantation boutique hotel.

Hayleys Global Beverages (Pvt) Ltd, which will make value added teas for export is expected to start operations in 2016. Pandithage said Mabroc Teas (Pvt) Ltd, a branded tea marketer also made a profit.

The firm was also perusing direct exports of rubber.

Global commodity prices are falling as the US Federal Reserve tightened monetary policy sending the dollar up and pushing down prices of oil, gold, metals and food commodities.

 Countries like Russia, which depend on oil exports, also printed money and saw their currencies collapse.

Countries like Saudi Arabia and UAE which do not follow active monetary policy but mimic US interest rates, have maintained their strongly pegged exchange rates.
(COLOMBO, May 27 2016)

 on: June 04, 2016, 07:07:28 AM 
Started by HOCT - Last post by HOCT
Source - http://www.economynext.com/Rains_disrupt_Sri_Lanka_tea_production,_transport-3-5023-9.html

Rains disrupt Sri Lanka tea production, transport
May 19, 2016 16:56 PM GMT+0530 | 1 Comment(s)

ECONOMYNEXT – Heavy rains that have triggered earthslips and floods in Sri Lanka have disrupted tea production and transport in the hill country, brokers said.

The bad weather conditions that commenced over the weekend have claimed at least 30 lives and displaced over 200,0000 people, Forbes & Walker Tea Brokers said.

“These conditions have adversely impacted on the crop intake in plantations and hampered the transport of teas due to some of the main roads being impassable due to flooding,” they said.

But they said conditions should improve and the situation back to normal towards the end of the week.

Asia Siyaka Commodities said widespread flooding particularly in the Western, Sabaragamuwa and Southern districts is causing serious disruption to the movement of tea from the plantation to the market and from the market to export.

“This situation is expected to last at least another week,” they said.
(COLOMBO, May 19 2016)

 on: June 04, 2016, 07:04:42 AM 
Started by HOCT - Last post by HOCT
Source - http://www.koreatimes.co.kr/www/news/nation/2016/05/176_204783.html

Sri Lanka wants to increase tea sale

By Rachel Lee

Korean tea market has huge potential in the tea industry, Sri Lankan producers say.

Officials from the Sri Lanka Tea Board and four tea companies flew to Korea to promote their products at Seoul Food 2016 at Kintex in Ilsan, Gyeonggi Province on May 10.

Sri Lanka is the world's largest exporter of black tea, with 7 percent of production.

"Coffee has long dominated in Korea, but we see a growing trend among Korean consumers for quality tea, and we want to touch that trend," Sri Lanka Tea Board Market promotion officer Kusalika Thisaranie Vithanage told The Korea Times.

The Sri Lanka Tea Board, established in 1976, is a regulated body that oversees the industry and promotes Sri Lanka's tea globally. To define, protect and certify the regional origins of Ceylon (Sri Lankan) tea, the organization has registered the "Pure Ceylon Tea" Lion logo in more than 100 countries. The logo is used only on packs that originate in Sri Lanka, contain 100 percent pure Ceylon tea and conform to the board's quality standards.

Ninety-four percent of Sri Lanka's tea is exported.

"At the moment, Korea has about 9 percent of our exports, but we expect to see an increase, the promotion officer said.

By region, there are seven types of tea: Nuwara Eliya, Uda Pussellawa, Dimbula, Uva, Kandy, Sabaragamuwa and Ruhuna.

Lumbini Tea, a family-owned business started in 1984, was one of the three companies that came to Korea for the first time. Targeting a niche market of premium tea, the company aims to appeal to Korean buyers with its quality specialty products.

"We have seen an increasing number of Korean tourists to our country over the last few years, so we came here to find out more about the Korean market. I think there is a huge potential for the industry to grow here," said managing director Chaminda Jayawardana.

TeaTalk, which is participating here for the second time, promotes itself as a young, fun trendy brand that suggests various ideas for drinking tea with foods like waffle, Panini and cakes.

Korea is the third-largest importer of Sri Lankan tea, with 13 percent. China is the biggest (30 percent), followed by Taiwan (20 percent).

 on: June 04, 2016, 06:57:38 AM 
Started by HOCT - Last post by HOCT
Source - http://www.business-standard.com/article/pti-stories/tea-exports-to-pakistan-up-47-at-rs-185-cr-in-fy16-116051200608_1.html

Tea exports to Pakistan up 47% at Rs 185 cr in FY16

Press Trust of India  |  New Delhi  May 12, 2016 Last Updated at 15:42 IST

Country's tea export to Pakistan jumped 47.50 per cent to Rs 184.56 crore in 2015-16.

The overall shipments of tea rose 10 per cent to Rs 4,200.46 crore in the same fiscal.

In 2014-15, tea exports to Pakistan had stood at Rs 125.12 crore and the overall exports were at Rs 3,823.64 crore.

In volume terms, outward shipments from India to Pakistan increased to 18.94 million kg in 2015-16 as against 15.20 million kg in the preceding fiscal, according to Tea Board's data.

India is the world's second biggest tea producer and also one of the largest consumers.

The country exports CTC (crush- tear-curl) grade tea to countries like Egypt, the UK, and other traditional varieties to Iraq, Iran and Russia.

The export price to Pakistan increased to Rs 97.44 per kg in the period under review compared with Rs 82.32 a year ago.

The rise in tea exports was seen in major tea-importing countries like the CIS countries, the UK, Germany, Poland, the UAE, Bangladesh and Sri Lanka.

Tea production has been low this fiscal mainly due to unfavourable weather conditions. Besides, wage-related issues also hit tea producers.

The sector is also facing other issues including migration of labourers to other industries. Tea plucking in India mainly starts between July and October.

 on: June 04, 2016, 06:54:06 AM 
Started by HOCT - Last post by HOCT
Source - http://www.ft.lk/article/541526/Refuse-tea-gets-slammed-hefty-fresh-fines

Refuse tea gets slammed hefty fresh fines
Thursday, 12 May 2016 00:18

Refuse tea racketeers will soon have to fork out hefty fines that are tenfold higher than previously under a new measure to amend the Tea Control Act approved by Cabinet yesterday.

Under a Cabinet paper submitted by Plantation Industries Minister Navin Dissanayake, the Tea Control Act No.51 of 1957 will be amended to replace the Sinhala term “kasala” tea with the more appropriate term “refuse tea” to enable its easy identification and categorisation for fining purposes.  The amendments will also empower the Minister to take legal action against refuse tea. Under the new regulations, the maximum fine for an offender has increased from Rs.50,000 to Rs.500,000 while the maximum amount charged in compounding of the offence has risen from Rs.10,000 to Rs.500,000.

Sri Lanka’s reputation for exporting the world’s highest quality tea has taken a bashing in recent years due to the growing racket of mixing refuse tea with freshly manufactured tea.Refuse tea is often imported from other countries and mixed with Pure Ceylon Tea or coloured to resemble fresh tea. Large scale racketeers then brand the tea as Pure Ceylon Tea and export it to key tea markets around the world.

In a string of raids over the last three years, the Special Task Force (STF) together with the Sri Lanka Tea Board has detected nearly two million kilos of refuse tea. In May 2015 nine containers containing 162 tons of refuse tea to be exported to the Middle East and Europe as ‘Ceylon Tea’ was seized by Sri Lanka Customs at the Orugodawatte Container Yard.

One of the biggest detections for 2015 was made in November when the STF seized 94,000 kilos of refuse tea to be exported under the label ‘Pure Ceylon Black Tea’ to Iraq and Kuwait. The detection was made in a warehouse in Sapugaskanda. Boxes containing 10 kilos of tea each were ready to be dispatched to the Port.

Last year alone the STF detected 244,375 kilos of refuse tea, with the biggest stock of 115,750 kilos being seized in October. In June, 78,000 kilos of refuse tea was detected, with most being found in a warehouse in Kotahena, according to media reports.

Police had earlier said at least 25 separate groups are engaged in the illegal trade with each container earning an estimated Rs.500,000 in profits to the racketeers.

 on: June 04, 2016, 06:50:24 AM 
Started by HOCT - Last post by HOCT
Source - http://www.economynext.com/Sri_Lanka_March_tea_output_lowest_in_six_years-3-4942-9.html

Sri Lanka March tea output lowest in six years
May 10, 2016 13:00 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Sri Lanka’s tea production in March 2016, which was down 27.5 percent from a year earlier owing to drought, was the lowest since 2010, brokers said.

March tea output fell by 8.3 million kilos to 22.06 million kilos from 30.4 million kilos in March 2015.

It was the lowest since March 2010, when total production dropped to 21.05 million kilos, Forbes & Walker Tea Brokers said.

“All elevations, High, Medium and Low Growns, have shown a decrease in production.”

Teas grown in low lands, which account for a bulk of the crop, were the worst affected.

Low Grown production fell by 5.4 million kilos to 13.2 million kilos, the lowest since 2010 when Low Grown production dropped to 11.7 million kilos.

Tea output over January-March 2016 was down 9.1 million kilos to 70.2 million kilos from the same 2015 period.
(COLOMBO, May 10 2016)

 on: June 04, 2016, 06:13:10 AM 
Started by admin - Last post by admin
Source - http://www.pressreleaserocket.net/tea-market-worth-usd-48-billion-by-2019-radiant-insightsinc/441587/

Tea Market Worth USD 48 Billion By 2019 : Radiant Insights,Inc

By PR Rocket on April 29, 2016

Global tea market is expected to grow at a significant rate from 2015 to 2019.

Tea is the second-most affordable beverage across the world. It is consumed by a wide demographic. Global tea market is expected to grow at a significant rate from 2015 to 2019. It was worth about USD 39 billion in 2014. By 2019, its valuation could exceed USD 48 billion.

Browse Full Research Report With TOC on http://www.radiantinsights.com/research/global-tea-market-to-2019-market-size-development-top-10-countries-and-forecasts

Demand for tea is rising as a result of escalating awareness of the derived health benefits. Tea has high antioxidant content. Antioxidants are known to prevent cancer, lower risk of cardiovascular ailments, control blood pressure, etc. Tea also improves bone density and prevents arthritis.

Nowadays tea is available in various flavors and types. Market players focus on developing new blends and flavors to attract customers. The tea industry generates huge employment opportunities and offers economic advantages. This is fueling market growth.

However, excessive tea consumption is linked with negative effects on human health. High intake of tea may cause osteoflurosis, caffeine addiction, prostate cancer, etc. Other beverages like coffee, hot chocolate, soda, juices, etc. act as substitutes and limit demand for tea.

Products in the tea market are divided into three types, namely black tea; green tea; and tea concentrates, extracts and essences. While black tea may be fermented or partly fermented, green tea is unfermented. Black tea has been the leading product in the recent past. Green tea is anticipated to grow at a lucrative rate owing to associated health benefits. Vendors are strategizing to gain from this trend by developing related products.

Request A Sample Copy Of This Report at: www.radiantinsights.com/research/global-tea-market-to-2019-market-size-development-top-10-countries-and-forecasts#tabs-4

Based on geographies, the tea market is categorized into North America, Europe, Asia Pacific and RoW (Rest of the World). Major national markets are Germany, France, Canada, India, and China. South Korea, Japan, UK, Sri Lanka and the US also hold a considerable share of the market. India and China dominate the consumption and production of tea in the Asia Pacific region.

These countries also export tea to other geographical segments. Asia Pacific is projected to be the leading market for tea till 2019. On the other hand, US in North America and UK in Europe will exhibit sluggish growth in the coming years. Prominent vendors in the worldwide tea market are Tata Global Beverages Ltd., Twinings, Wissotzky Tea, Unilever, etc.

This industry report package includes a global tea market report as well as country reports from the following countries:

Canada, China, France, Germany, India, Japan, South Korea, Sri Lanka, United Kingdom, United States

Browse All Reports of This Category at: http://www.radiantinsights.com/catalog/food-and-Beverages

Below you can find the table of contents for one of the reports. All the reports have a similar structure and content so that different countries can be easily compared with each other.

1. Market for Tea in the Country in Question

    Overall Market

    Market by Type

    Green tea (unfermented)
    Black tea (fermented or partly fermented)
    Tea concentrates, extracts and essences

2. Forecasts and Future Outlook

    Overall Market

    Market by Type

    Green tea (unfermented)
    Black tea (fermented or partly fermented)
    Tea concentrates, extracts and essences

3. Market Potential Rates

4. Tea Market Size Compared to Market Growth in Different Countries

5. Market Definition

6. Methodology and Sources

7. About Global Research & Data Services

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