The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Coronavirus Updates
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyToday at 7:17 am by The Invisible

» HNB.N0000 (Hatton National Bank PLC)
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyToday at 7:11 am by The Invisible

» In the Meantime, Within Our Shores !
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyYesterday at 10:27 pm by කිත්සිරි ද සිල්වා

» Island-wide daytime curfews lifted from Tuesday – Presidential Secretariat
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyYesterday at 5:52 pm by Backstage

» Webinar on economy in Sinhala. Today.
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySat May 23, 2020 4:53 pm by Backstage

» US Recovery? Some Americans Spent Stimulus Money on Toys While 4 Million Skipped Mortgage Payments
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySat May 23, 2020 8:01 am by The Invisible

» නොසන්සිඳෙන ආශාව!
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 22, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 22, 2020 8:39 pm by spw19721

» ද ෆිනෑන්ස්‘ ව්‍යාපාර කටයුතු අද සිට හමාරයි
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 22, 2020 5:03 pm by nihal123

» Asia virus latest: cyclone prompts infection fears; Korea football row over sex dolls
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 22, 2020 7:09 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 22, 2020 5:42 am by NIRMALSG

» JKH.N0000
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyThu May 21, 2020 9:08 pm by The Invisible

» Thread for News on International Markets
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyThu May 21, 2020 4:53 pm by The Invisible

» Webinar on Capital market tomorrow 6pm
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyThu May 21, 2020 12:49 pm by කිත්සිරි ද සිල්වා

» New polls show trouble for Trump and Republicans in GOP strongholds
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» මහ මැතිවරණය ජුනි 20
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 9:16 pm by The Invisible

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 5:09 pm by The Invisible

» Ceylon Chamber proposes multi-sectoral approach for economic revival
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 4:22 pm by LSE

» Access Engineering AEL Technical Analysis
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 9:18 am by The Invisible

» ACL Cables
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 5:07 am by NIRMALSG

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 20, 2020 12:48 am by nihal123

» කොටස් වෙළෙඳපොළ අඛණ්ඩව 5 වන දිනයටත් ඉහළට. සියලු කොටස් ඒකක 94 කින් නගී
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyTue May 19, 2020 5:37 pm by The Invisible

» විදෙස් ආයෝජන
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyTue May 19, 2020 5:34 pm by nihal123

» RCL - Royal Ceramics
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 18, 2020 10:16 pm by The Invisible

» LDEV - Lankem Developments
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 18, 2020 10:09 pm by The Invisible

» Hayleys MGT
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 18, 2020 9:55 pm by The Invisible

» Tokyo Cement
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 18, 2020 9:49 pm by The Invisible

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 18, 2020 8:00 pm by pathfinder

» Sri Lanka Bonds Win Fans After Becoming Worst Performer in Asia
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 18, 2020 10:52 am by serene

» Record price for Ceylon Tea…
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySun May 17, 2020 10:22 am by The Invisible

» Sri Lanka tea prices soar despite COVID-19 disruptions
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySun May 17, 2020 10:20 am by The Invisible

» පසුගිය සතියේ දී කොටස් වෙළෙඳපොළෙන් රු. බිලියන 3.5 ක ශුද්ධ විදේශීය ගලා යාමක්
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySat May 16, 2020 4:45 pm by nihal123

» Am Sure He was Joking !
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySat May 16, 2020 3:31 pm by slstock

» Films - To Watch List
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyThu May 14, 2020 9:44 pm by nirmal

» Thread for News on CSE and SL Economy
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 13, 2020 6:39 pm by nihal123

» කලකට පසු කොටස් වෙළෙඳපොළේ කැපී පෙනෙන වර්ධනයක්. 2018 නොවැම්බර් මාසයෙන් පසු සියලු කොටස් මිල දර්ශකයේ ඉහළම ප්‍රතිශතාත්මක වර්ධනය අද
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 13, 2020 6:38 pm by nihal123

» Caught in Providence
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyTue May 12, 2020 2:24 pm by කිත්සිරි ද සිල්වා

» Users Online
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 11, 2020 8:38 am by slstock

» RECOMMENCEMENT OF TRADING
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySat May 09, 2020 11:25 am by The Invisible

» Sri Lanka forex reserves drop US$353mn to US$7.2mn in April
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 08, 2020 1:55 pm by The Invisible

» අසිරිමත් තෙමගුලක් ඔබ සියලු දෙන හට
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyFri May 08, 2020 12:25 am by Afourer

» මහබැංකු පොලි අනුපාතය පහළට
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyThu May 07, 2020 8:54 pm by The Invisible

» සියයට 10 කින් S&P SL20 වැටුණොත් කොටස් වෙළෙඳපොළ හමාරයි. දෛනික ගනුදෙනු අත්හිටුවීම අදියර තුනකින්
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyThu May 07, 2020 10:22 am by nihal123

» The Wuhan virus lab at the heart of the US-China spat
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyWed May 06, 2020 3:33 pm by The Invisible

» COVID-19 වසංගතය හේතුවෙන් දකුණු ආසියාවේ දරුණුතම ආර්ථික බලපෑම ශ්‍රී ලංකාවට – The Economist කියයි
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 04, 2020 6:21 pm by nihal123

» තීන්ත කොන්ත්‍රාත්තුව
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 04, 2020 1:56 pm by nihal123

» Sri Lanka’s oil palm growers say ready for more ‘import substitution’ if allowed
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 04, 2020 11:45 am by The Invisible

» Sri Lanka high grown teas up, low growns ease in April 29/30 auction
Sri Lanka sets US$3.5bn tea export target for 2030 EmptyMon May 04, 2020 11:42 am by The Invisible

» Sri Lanka businesses call for labor law flexibility, deferred EPF in Coronavirus curfews
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySun May 03, 2020 10:31 am by Expert

» Warren Buffett: ‘American magic’ will spur US economic recovery
Sri Lanka sets US$3.5bn tea export target for 2030 EmptySun May 03, 2020 9:20 am by කිත්සිරි ද සිල්වා

May 2020
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka sets US$3.5bn tea export target for 2030

Go down

Sri Lanka sets US$3.5bn tea export target for 2030 Empty Sri Lanka sets US$3.5bn tea export target for 2030

Post by The Invisible on Mon Aug 12, 2019 1:27 pm

ECONOMYNEXT - Sri Lanka is targeting 3.5 billion US dollars in foreign exchange and 350 million kilogrammes of tea production by 2030, officials said.

"Our target is 350 million kilogrammes of tea production and 3.5 billion US dollars in exports," Michael de Soyza an ex-Chairman of the Colombo Tea Traders' Association (CTTA), an industry body said at the 125th anniversary of the industry association.

He said that a workshop was held on August 09 to start the program, with presentations from experts including former Sri Lanka Tea Board chairpersons such as Rohan Pethiyagoda and Janaki Kuruppu to give initial guidance.

He and Anil Cooke, another industry veteran are leading the initiative.

Cooke, an ex-Chairman of the Colombo Brokers' Association, said that it was necessary for some such as Pethiyagoda to rein in the industry from setting too ambitious a target.

Sri Lanka's tea production has remained at around 300 million kilogrammes over the past two decades, with a peak 340 million kilogramme crop in 2013, as the country's tea growing land has remained unchanged, according to official data. Tea production in 2018 was 303.8 million kilogrammes, down from 307.1 million kilogrammes from a year earlier.

Sri Lanka still exports most of its produce as loose tea in bulk or packets, whereas the world now enjoys new products, such as instant tea and iced-tea.

Sri Lanka's tea exports have stagnated between 1 billion US dollars and 1.63 billion US dollars from 2007 to 2018, with a peak 1.63 billion US dollars in 2014.

In 2018 Sri Lanka exported 1.43 billion US dollars of tea, down from 1.53 billion US dollars in 2017.

Sri Lanka's main export destinations in the Middle East have been in flux over the past decade. African nations are also becoming more competitive than Ceylon Tea.

Cooke said that the 2030 program will create strategic pathways for the future of Sri Lanka's tea industry.

"We have reached a point where the world is becoming volatile," he said.

"All stakeholders are looking for direction."

"So, it is time for the private sector to take charge of shaping the future."

He said that each stakeholder segment such as tea brokers, exporters and planters will set up working groups to ascertain the gradual changes required in the industry.

"It is still early. We will flesh out the vision going forward," he said.

"We will drive all key areas."

"This will not be a one-off exercise. It will be an ongoing process."

Cooke said that the industry will draw on the experience of USAID's The Competitiveness Program which ran till 2007, to plan for the 2030 targets.

Meanwhile de Soyza said that the industry would also have to adopt sustainable practices to protect the environment.

Cooke said that few firms, such as Elpitiya Plantations Plc and Bogawantalawa Tea Estates Plc have fully adopted sustainable practices. (Colombo/Aug12/2019)
The Invisible
The Invisible

Posts : 2098
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum