Business
Sri Lanka takes global market lead in value added tea exports: report
By Steve A. Morrell
Asia Siyaka Commodities, analysed by Siyaka Research, said in their recent report that value added exports by major exporting countries worldwide showed that Sri Lanka held no. 1 slot in value added tea exports worldwide.
The report said ‘massive’ value added exports at 55 percent, was an indicator that at this quantum Sri Lanka was far ahead of its closest rival India, on record having 10 % of exports in value added form.
Value addition included tea exported in packets, t bags, instant tea, and green tea. Specialty blends shipped in bulk form were not included for this purpose.
Additionally, although value addition information from Kenya was not available in detail, the report said, Kenya was comparatively far below that of India.
It is reported, Sri Lanka worked hard to maintain the brand Ceylon Tea. Established markets include Turkey, a prime destination, absorbing 38.8 ml kgs. Turkey is a major transit point for shipments to other destinations.
Iraq, Russia, and China are within the five leading markets absorbing Ceylon Tea. Germany, USA, Japan, Jordan, Ukrain, are additional markets also described markets demanding Ceylon Tea.
Further, Poland, The Netherlands, Ireland, Kuwait, Australia, and New Zealand were within the demand cycle for Ceylon Tea destinations.
Including June 2021, 137 ml kgs were exported earning export value of US $ 651 Million. Comparing 2020 shipments value at that time was US $ 571 million. Clearly exported quantity was less because of severe drought conditions affecting production. 2020 quantity exported end that year was 266 million kgs.
Speculation is that subject to growing conditions being at optimum levels earnings from tea exports could achieve the national target of $ 1.5 Billion.
High prices for Ceylon Tea at the Colombo auctions reasons were described as the unique mix of taste and orthodox style and other attributes that were perennially of character for the finished product that attracted buyers worldwide to demand Ceylon Tea.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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