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Friday December 1st, 2023
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US dollar values still up
Amaraweera promotes high-density tea cultivation system and use of new technology to increase yields.
India reemphasizes it commitment to IOTs in Sri Lanka.
Small holders were also offered an interest free loan to help apply fertilizer.
Tea export revenues fell 3.8 percent to 119.63 million US dollars in Aug 2023 from 124.4 mn US dollars a year ago
Sri Lanka exported 22.7 million kilograms of tea in July, down marginally from 44.7 million kilograms last year.
The tax was 25 rupees per liter in June and has now been increased to 50 rupees from this month - minister
Total auction volume declined to 5.7 million kilos from the last week 6.4 million kilograms.
In 2020 a machine was developed to pluck selected tea leaves.
There is a big demand for Ceylon Tea and there will be a big demand for Ceylon Tea Wine.
Majority of Low Growns prices also fell while Mid Growns prices grew.
Production is expected to recover in 2023, with the fertilizer being applied.
In 2023 so far, the country has exported around 91 million kilos.
In the weakening of rupee tea prices and buyers making purchases only for immediate shipments.
The weekly sale average grew 3.98 rupees to 957.14 rupees from 953.16 rupees
The weekly sale average fell by 86.93 rupees to 980.64 rupees from 1067.57 rupees
| Latest | Last | |
|---|---|---|
| US Dollar | 330.2942 | 315.1016 |
| UK Pound | 429.0139 | 401.1871 |
| Euro | 372.1704 | 343.1959 |
| Aus Dollar | 227.2526 | 211.5951 |
| Yen | 2.3820 | 2.1908 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
All average tea prices fell and the weekly sale average was down by 65.40 rupees to 1067.57 rupees from 1132.97 rupees
Sri Lanka’s Ceylon tea prices continued to fell 50-150 rupees per kilogram at an auction on May 10
Sri Lanka’s Ceylon tea prices fell 50-150 rupees per kilogram at an auction on May 3
ri Lanka’s Ceylon tea prices were down 50-100 rupees per kilogram at an auction on April 26, amidst good demand.
However the total export earnings were up 49.84 percent in March 2023 to 110.1 million US dollars
Sri Lanka’s High, Medium and Low Growns prices were down at an auction on April 19, following the New Year holidays
In the first quarter production was down 7.2 percent to 58.52 million kilos
The weekly sale average fell to 1262.40 rupees from 1271.38 rupees a week ago,
The weekly sale average fell to 1271.28 rupees from 1282.01 rupees a week ago,
From next week the maximum price of a cup of milk tea will be 90 rupees
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