Notable
The Tea Auction previously set for the 1st week of December has been rescheduled to the last week of December.
Sri Lanka's premium tea brand is facing a risk due to lower quality production
National weekly sale average decreased by 18.99 rupees to 1,177.74 rupees a kilogram, from 1,196.73 rupees
Nine month exports were also down
Export earnings were 1.506 billion US dollars, slightly up from 1.434 million dollars last year.
Ministers denies anyone was taken hostage
Highest priced teas fall
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
Medium growns fell from 4.51 to 3.55 and low growns fell to 13.32 from 14.92 million kilograms
“What they do is for private estates, they will get a retired person from the army or the Police,”
RPCs are already brought under Finance Ministry by President Wickremesinghe
However prices were down from March highs
"RPCs benefitted from weakening of the rupee that gave them an over 80% increase in rupee revenue in 2023 vs 2021"
Plantation workers will have to be paid 1350 rupees a day, there will be a ‘daily special allowance’ of 350 rupees
| 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 | - | - |
Plantation workers have been protesting for higher wages since 2018
"A cabinet paper will be submitted this Monday to pay this entire amount by the government this year," he said.
Total quantity of tea exported including re-exports with imported tea amounted to 21.25 million kilos.
US dollar prices also fell in the previous week
Export earnings were reported at 127 million US dollars
Prices have gained from an average of $3.66 kilo seen at the last auction in December to $4.47 by March
Housing project financed by the Government of India to construct 10,000 houses for plantation sector workers.
Tea prices ease after 7 weeks of gains
Tea exports were down by 8.2 million kilos to 241.9 million in 2023
In US dollar terms, average tea prices fell to 3.63 a kilo, or down 9.25 percent.
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