Notable
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.
RPCs are already brought under Finance Ministry by President Wickremesinghe
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
Up to August, exports were up 7.7 percent to 187.5 million kilograms but were down 4.42 percent from 2019.
| 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 | - | - |
Tea production could sharply fall if fertilizer supplies reduce
"If we make the country organic we can earn 20 billion US dollars in two years." the minister said
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