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Tuesday August 16th, 2022
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July prices surpassed the previous record in April 2022 of 1,333.61 (USD 4.14).
Low-grown tea slipped over 100 rupees per kilogram
On July 20 auction low grown averaged at 4.54 dollars per kilogram
Six months to June output dipped 17 percent.
US dollar earnings were down 6 percent to 116.5 million dollars in June from a year ago.
On July 06 auction sale, low grown averaged 4.33 dollars
Exports to Russia and Turkey too have dropped steeply
On June 22 sale, low grown averaged 4.05 dollars a kilogram up from 2.92 dollars a year earlier
Promises inputs amid soft-peg crisis
Fertiliser ban biting into tea output
In the last week's auction sale on June 08, Low Grown average was $3.28 per kg, up from $2.98 per kg a year earlier
In rupee terms export in May were up 54 percent to 33 billion rupees
Low grown hits new tea record
Prices rose sharply in May but eased somewhat towards the end of the month.
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
It is necessary that the policymakers do not make the mistake of not listening to the experts in the industry
| Latest | Last | |
|---|---|---|
| US Dollar | 368.6066 | 368.5670 |
| UK Pound | 448.2898 | 450.8744 |
| Euro | 379.5297 | 381.8782 |
| Aus Dollar | 264.0291 | 263.9965 |
| Yen | 2.7780 | 2.7764 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.5311 | 4.5327 |
| Korea Won | 0.2763 | 0.2766 |
| Oman Rial | 937.4424 | 937.2606 |
| Saudi Riyal | 96.1159 | 96.0666 |
| UAE Dirham | 98.2603 | 98.2413 |
| pts | % | |
|---|---|---|
| S&P SL20 | 3,097.30 | 0.82% |
| CSE All Share | 9,191.52 | 1.82% |
| Turnover Rs million | 5,829,973,145 | 6,339,984,932 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 26.11 | 26.24 |
| 6-m bill | 27.06 | 26.52 |
| 12-m bill | 27.87 | 27.36 |
| 5-yr bond | 24.19 | 23.86 |
| 8-yr bond | 24.68 | 24.21 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
The tally was the lowest since the first quarter of 1999 when the country shipped out 60.3 million kilos of tea.
Milk tea -- a mix of hot, strong tea with powdered and usually sugar -- is a favourite beverage in Sri Lanka.
Exports to Russia and Ukraine hit by invasion
In January Russia was the second largest buyer Ceylon tea
Iraq and Russia leades
In January Russia bought 2.5 million kilograms of tea becoming the second largest buyer
Sri Lankan gemstones and tea sold out within seconds in China
The scheme not to violate US sanctions
Regulations limited the use of funds for promotions
Tea production could fall as much as 25 percent within six months
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