Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Browns investments
by Winner123 Today at 4:29 pm

by samaritan Today at 7:03 am

» CFVF.N0000 - Deal at What price?
by Winner123 Yesterday at 8:35 pm

» Profitability of all the banks slides down on bigger margins
by hammurabi Yesterday at 8:25 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 8:17 pm

» Gotabaya Rajapaksha will named after 10th August. Aspi will move above 6500
by deli Yesterday at 7:43 pm

» කව්ද පකීර් ?(who is the Veteran)
by reyaz Yesterday at 7:32 pm

» Positive News
by samaritan Yesterday at 7:27 pm

» lOFC definitely will hit 6/-
by wealth123 Yesterday at 7:06 pm

» News AEL super report in this quarter Don't sell ..
by sheildskye Yesterday at 6:59 pm

» JKH will touch 175 very soon
by Teller Yesterday at 11:12 am

by Trader321 Yesterday at 10:20 am

» ASHO will hit moon. Deal with SLTB
by Bakka1988 Yesterday at 9:38 am

» LOLC Holding( LOLC N.0000)
by stockback Thu Aug 15, 2019 10:31 pm

» CFVF.N0000 :Amazing Result- Quarter Profit more than Half Billion
by Winner123 Thu Aug 15, 2019 12:43 pm

» GLASS (piramal glass ceylon plc) from
by Teller Thu Aug 15, 2019 11:02 am

» Kzoo vs onal
by wisdom79 Wed Aug 14, 2019 9:45 pm

» GREG is back
by wisdom79 Wed Aug 14, 2019 9:42 pm

» AAIC - Profit over one billion!!!!!
by wisdom79 Wed Aug 14, 2019 9:39 pm

» Sri Lankan Billionaire Dhammika Perera may Spend Rs. 10 Billion for a Presidential Campaign without any Risk! His Daily Casino Profits said to be over Rs. 50 Million
by Teller Wed Aug 14, 2019 8:40 am

» CFVF : Another dividend ?
by Promoney Tue Aug 13, 2019 7:28 pm

» CFVF.N0000 & PARQ.N0000 - These two counters Must be in your Portfolios
by Trader321 Tue Aug 13, 2019 6:39 pm

» PARQ.N0000 : Target Price Rs. 50 /=
by Hewagak Tue Aug 13, 2019 5:01 pm

» TAP Less than 1% Shares in the Market
by sanjulanka Tue Aug 13, 2019 12:10 pm

by Winner123 Tue Aug 13, 2019 12:09 pm

» what is the future of KHL (JOHN KEELES HOTELS)
by bhanu Mon Aug 12, 2019 9:03 pm

» TKYO.X0000 will it move furthur?
by bhanu Mon Aug 12, 2019 5:00 pm

» stock market investors and cheated those who approached them.
by Asoka Samarakone Mon Aug 12, 2019 10:14 am

» LLMP can run in present market
by wealth123 Mon Aug 12, 2019 10:03 am

» Where Is Equity Champ
by Teller Mon Aug 12, 2019 8:52 am

» Pending AEL crossing @ Rs.20 deal near soon..
by EPS Sun Aug 11, 2019 8:26 pm

by King of vice Sun Aug 11, 2019 7:38 am

» Let's Pump And Dump BUT...
by King of vice Sun Aug 11, 2019 7:26 am

» Be careful CTBL share
by MarketWch Sat Aug 10, 2019 7:59 pm

» ඔරියන්ට් ෆ්යිනැන්ස් -විකිනීම ස්තිරයි - අද ද අයිලන්ඩ් පුවත් පත බලන්න 2020 වෙනකම් පුලුවන් නම් තියා ගන්න - අදහා ගන්න බැරි ආදායමක් ලබන්න
by sanjulanka Sat Aug 10, 2019 6:38 pm

» BFN BFN BFN ගොන් කම අත ඇරල ටික කාලයක් අල්ලන් හිටියනම් ඔක්කොමලා ගොඩ BFN BFN BUY AND HOLD -
by sanjulanka Sat Aug 10, 2019 7:11 am

» Next run DOCK?
by Eng Krishantha Fri Aug 09, 2019 2:41 pm

by Ahcha Fri Aug 09, 2019 2:13 pm

» Your thoughts about GREG.N and SPEN.N
by shihan 93 Fri Aug 09, 2019 10:31 am

» East West result is to be published
by samansilva Thu Aug 08, 2019 9:22 pm

» Union Bank website wins gold at dotCOMM awards 2019
by MarketWch Thu Aug 08, 2019 4:53 pm

» Prepare now, and get rich later.
by Asoka Samarakone Thu Aug 08, 2019 4:28 pm

» Hayles Result is out
by Capton KIng Cool Thu Aug 08, 2019 4:07 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Tea hub: A stalemate

Tea hub: A stalemate

Go down  Message [Page 1 of 1]

1Tea hub: A stalemate Empty Tea hub: A stalemate on Sun Jul 29, 2012 11:40 pm


Director - Equity Analytics
Director - Equity Analytics
* Plantation Industries Minister says not taken decision
* Decision only in consultation with President
* Says unable to compromise smallholders

By Ravi Ladduwahetty

Despite the vociferous outcries of tea exporters for a tea hub where imports were to be made for value addition, Plantation Industries Minister Mahinda Samarasinghe said that he has not taken a decision in this regard as the line Minister and claimed that it will be government policy only after he takes a decision in this direction.

"A decision in this regard will have to be taken only after consulting President Mahinda Rajapaksa as the interests of the tea small holders cannot be compromised," he told The Island Financial Review yesterday.

He also pointed out that 70% of national production came from the tea smallholders and of that, 90% came from smallholders who owned less that half an acre.

"I want to make it very clear by saying that as the line Minister in charge of the subject of Plantations, I have not taken any decision in this respect. What we are witnessing is a healthy debate taking place between exporters/traders and some producers about the advantage and disadvantage of establishing a tea hub", he said.

"I have at no time entered this debate for obvious reasons. I cannot stop the private sector making suggestions to our Ministry as to what they feel should be done in terms of making the tea industry more sustainable given the fact that there is still tremendous potential to be realized in this industry.

"I also do not want to stop various government officials stating their points of view from time to time in the best interest of the industry.

"Let me make it once again very clear, if a decision is to be taken in this respect, it will be done by me and on one else, of cause with the concurrence President Mahinda Rajapaksa. And let me also make it very clear that I will not take any decision detrimental to the local industry by sacrificing their interest for a speculated objective of increasing foreign exchange earnings. It is important not to forget that 70% of the tea production is in the hands of small holders and even amongst the small holders nearly 90% is in the hands of the small holders owning less than half an acre. So these people obviously depend on the income that they derive from this small holding to meet their daily living expenses," the minister said.

"Another point to remember is that there are 400,000 small holder families accounting for 70% of production. This kind of a huge population cannot be sacrificed for the sake of possible increases in foreign exchange earnings.

"So we need to be very careful when we take such policy decisions and this is also why I have decided not to enter this debate. Of cause the Ministry and the Sri Lanka Tea Board will continue to study proposals that it receive from stakeholders, but let me be very clear that no decision has been taken by me in this respect and I will never take a decision detrimental to the 400,000 small holders," he said.

Meanwhile, Colombo Tea Traders Association (CTTA) Chairman Jayantha Keragala and Tea Exporters Association (TEA) Chairman Niraj De Mel, contacted for comment, said that if that was the stance of the Plantation Industries Minister and the government, so be it!

They said that they would not go against government policy and that they would abide by whatever decision the Minister and the government made.

They said that they submitted a report only on the request of the Minister on what they believed was right in the best interests of the industry and its way forward and that it was a proposal not meant to be forced down anyone’s throat.

Back to top  Message [Page 1 of 1]

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