Notable
Gov to provide fertilizer for tea plantations through state-owned Colombo Commercial Fertilizers and Ceylon Fertilizer
This contributes significantly to the cost of production of Sri Lanka’s tea industry.
Export earnings total $1.19bn up to November
Output for the 11 months was up from last year, industry data showed.
The exit offer price is 240 rupees per share
Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation
In the last week of August, Low Grown tea averaged 4.39 dollars a kilogram up from 2.95 a year earlier
This week 4.7 million kilograms were offered for sale.
US dollar earnings were up 2% to 117.5 million dollars in July from a year ago
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
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
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
The tally was the lowest since the first quarter of 1999 when the country shipped out 60.3 million kilos of tea.
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