FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» LDEV LDEV LDEV
by Kipling Today at 10:06 am

» GLAS will be winner with Super Gain.
by Promoney Today at 8:58 am

» විජේදාසගේ... voice cut ප්‍රතිඵල
by Kaish86 Today at 8:04 am

» Growing Fear
by stockchaser Today at 7:53 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Today at 7:42 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Yesterday at 11:41 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:33 pm

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Yesterday at 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Yesterday at 6:14 pm

» US dollar trading lower, euro near new high
by target1 Yesterday at 1:38 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Thushara Ayya Yesterday at 11:59 am

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Yesterday at 11:20 am

» DIPD/HAYC/HAYL
by Wickyz Yesterday at 11:19 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Sun Apr 18, 2021 4:12 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Sat Apr 17, 2021 9:07 pm

» First capital holdings CFVF.N0000
by invest thinker Sat Apr 17, 2021 4:46 pm

» Lanka Walltile PLC Investment Case
by judecroos Sat Apr 17, 2021 8:55 am

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Sat Apr 17, 2021 8:39 am

» Big opportunity in Kegalle Plantations
by EquityChamp Fri Apr 16, 2021 2:58 pm

» If you buy a stock that’s not going up in price, you won’t make any money. STOCK market for beginners
by dayandacool Fri Apr 16, 2021 11:31 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Drought begins to bite in Sri Lanka agriculture

Drought begins to bite in Sri Lanka agriculture

Go down  Message [Page 1 of 1]

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
Colombo, Sri Lanka (IRIN) – Sri Lanka has had six months of drought and could face severe crop losses and electricity shortages if the coming monsoon is as weak as forecasts predict, experts say.

“The situation is really, really bad,” said Ranjith Punyawardena, chief climatologist at the Department of Agriculture. “Already there are harvest losses and more are anticipated.”

According to Punyawardena, 5 percent (280,000 tons) of the 2014 rice harvest has already been lost due to the ongoing drought, which stretches back to November 2013. With 200,000 hectares of rice fields (20 percent of the annual cultivated total) planted during the secondary harvesting season already lost, experts say the losses from the drought could be exacerbated by the forecasted weak southwest monsoon, due in May.

Sarath Lal Kumara, deputy director at the Disaster Management Centre (DMC), said the impact of the drought had intensified in the last two months.

“We are getting more and more reports of lack of water and harvest losses,” he said, emphasizing that the worst affected regions were the Northern, North Central and Southern Provinces.

By the end of March 2014 over 240,000 families had been affected by diminished water supply and harvest losses, according to the UN Office for the Coordination of Humanitarian Affairs (OCHA). The Ministry of Disaster Management has so far spent US$2.3 million in assistance. According to the Department of Census and Statistics, at least 32 percent of the country’s labour force of 8.6 million derives its income from agriculture.

Sri Lanka has two monsoons a year – the “northeast monsoon” from December to February and the “southwest monsoon” from mid-May to September – and relies heavily on the rainwater for agriculture and hydropower.

Irregular rainfall in recent years has made predicting and preparing for reduced agricultural yields and electricity generation increasingly complicated, experts and officials say.

“There are indications that the El Niño phenomenon will take effect towards the middle of this year, in which case there will be less amount of rainfall,”said Punyawardena.

A rain shortfall this year would be in sharp contrast to the southwest monsoon in 2013, which moved faster than expected and brought high-intensity rain. In its first two weeks more than 60 people were killed by gale force winds or floods, and over 20,000 were left stranded when their houses were destroyed.

“The southwest monsoon has become increasingly erratic,” explained Punyawardena, pointing to evidence presented at the annual Monsoon Forum , such as the 3,369mm of rainfall recorded in Colombo, the capital, in 2010, which was nearly cut in half the following year .

This year’s drought has also hit the back-up water supply as inter-monsoonal rains in late 2013 failed; nearly all of the country’s 71 agriculture reservoirs report low water levels.

Power prices could rise

Another consequence of the drought is likely to be electricity price rises caused by water shortages. The poor will be hit hardest, experts say.

“If the monsoon fails, the poorer section of the population in the drought hit regions will become extremely vulnerable,” DMC’s Kumara said.

As of the first week of April 2014, the Ceylon Electricity Board, which attempts to generate at least 50 percent of the country’s electricity by hydropower, reported that only around 13 percent of power needs were being met by hydro-generation. The government fills the gap with thermal generation, which relies on imported oil.

“Sri Lanka’s power needs are very reliant on hydro-generation, which makes them susceptible to changing weather patterns,” said Asoka Abeygunawardana, executive director of the Sri Lanka Energy Forum and an adviser to the Ministry of Technology.

Failing rains have in the past slowed down economic growth, he said, by forcing the government to import oil for power generation, making it an expensive alternative to hydropower.

According to the Central Bank, around 20 percent of the country’s import expenditure in 2012 went on fuel, and 55 percent of the oil imported was used for electricity generation – bringing the price tag to more than US $2 billion.

“It is a very dire situation that we are faced with this year,” Abeygunawardana said.

“If the rice harvest fails, we will see food prices going up after August. And if we have a power crisis as well – meaning electricity becomes more expensive -the poor will again feel the impact,” feared Punyawardena.

He warned: “If the monsoon fails there will be not enough water for agriculture and power generation for the rest of the year.”

http://gantdaily.com/2014/04/04/drought-begins-to-bite-in-sri-lanka-agriculture/

VALUEPICK

VALUEPICK
Expert
Expert
Can somebody post link to 10 days weather patterns? Where do we get more rains and rains with thunder storms these days? Is it Badulla, Ratnapura, Anuradhapura, Central hill, Colombo, Galle or Dambulla?

Back to top  Message [Page 1 of 1]

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