An Echelon Media Company
Tuesday July 23rd, 2024
Tea

Sri Lanka's Ceylon tea exports down 22-pct in October 22, dollar price up

Up to October 211 million were exported

November 20, 2022 2 min read

Heavy rains likely to cut crisis-hit Sri Lanka's tea production, exports

Tea is Sri Lanka's main export crop and earns over $1.5 billion export revenue annually.

November 9, 2022 2 min read

Sri Lanka's Ceylon Tea prices fall for the third week

Rupee average rose to as much as 1676.93 rupees a kilo in the first week of October.

October 30, 2022 3 min read

Sri Lanka records the lowest tea production in 26-years

The cost of production of tea growers has steeply risen by 30-35 percent so far this year

October 23, 2022 3 min read
Sri Lanka High and Low Growns tea prices fall at weekly auction

Majority of Low Growns prices also fell while Mid Growns prices grew.

Sri Lanka tea production up in May 2023

Production is expected to recover in 2023, with the fertilizer being applied.

Sri Lanka tea estate wage talks deadlocked

ECONOMYNEXT – Talks between Sri Lanka’s regional plantations companies and estate labour unions to raise w...

October 25, 2018 4 min read

Sri Lanka's planters push for outgrower model as wage deadline looms

ECONOMYNEXT - Sri Lanka's Regional Plantation Companies are pushing for a new outgrower model, as a deadline on wage neg...

October 3, 2018 1 min read

Male domination in Sri Lanka's plantations challenged by ex-chief

ECONOMYNEXT - An ex-plantations chief in Sri Lanka has challenged the gender norms and operational practices the industr...

October 1, 2018 2 min read

Sri Lanka’s tea export volumes, earnings fall in August

ECONOMYNEXT – Sri Lanka’s tea export volumes and earnings fell in August 2018 from a year ago, largely owi...

October 1, 2018 2 min read

Sri Lankan tea prices fall for 7th straight month

ECONOMYNEXT – The slump in Sri Lankan tea prices continued in August this year with the monthly auction average p...

September 12, 2018 1 min read

Sri Lanka to get US$100mn from ADB for tea industry upgrade

ECONOMYNEXT – The Asian Development Bank (ADB) has allocated a US$100 million loan to Sri Lanka to modernise the ...

September 5, 2018 1 min read

Sri Lanka state plantations key patronage tool before privatization

Sri Lanka's state plantations became a key tool of political patronage, where procurement contracts, jobs and parcels of...

August 31, 2018 5 min read

Call to give freedom to Sri Lanka tea producers; end auction monopoly

Sri Lanka's tea producers are losing out, and innovation and marketing have been stifled due to a restrictive auction sy...

August 30, 2018 3 min read

Reserve funds mooted to help Sri Lankan plantations ride commodity downturns

ECONOMYNEXT – The creation of financial reserves to help Sri Lankan regional plantations companies (RPCs) ride ou...

August 30, 2018 1 min read

Sri Lanka’s Talawakelle Tea June quarter profit flat

ECONOMYNEXT – Sri Lanka’s Talawakelle Tea Estates June 2018 quarter was virtually flat at 46 million rupee...

August 7, 2018 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
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
Source: Central Bank/Indicative
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
Source: CSE
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
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka to reimburse tea exporter promotional costs

ECONOMYNEXT – The Sri Lankan government is to reimburse 19 tea exporters half their international promotional cos...

July 25, 2018 1 min read

Sri Lanka may lose Japan tea market due to continued glyphosate ban

Sri Lanka is facing the risk of a complete ban on tea exports to Japan due to the use of alternative weedicides to glyph...

July 2, 2018 3 min read

Sri Lanka’s Hatton Plantations to build more tea factories

ECONOMYNEXT – Sri Lanka’s Hatton Plantations PLC plans to build more tea factories as it seeks to take adv...

June 8, 2018 2 min read

Tough going for Sri Lanka tea extracts business

ECONOMYNEXT – Sri Lanka’s Hayleys group has said its tea extracts business has found the going slow owing ...

June 7, 2018 1 min read

Sri Lanka tea auction average prices slip below 2017 levels

ECONOMYNEXT – Sri Lankan tea prices fell at this week’s Colombo auction with the cumulative auction averag...

June 7, 2018 1 min read

Sri Lanka plantations should start wage negotiations early: minister

Sri Lanka's regional plantations companies - commercial farms growing tea, rubber and oil palm - should start wage negot...

June 3, 2018 2 min read

Sri Lanka floods to hit tea supplies to auctions

Sri Lanka's torrential rains are expected to disrupt tea supplies and reduce volume coming to forthcoming auctions, thou...

May 24, 2018 2 min read

Sri Lankan tea prices rise on weaker rupee, lower volumes

ECONOMYNEXT – Prices of several grades of Sri Lankan tea rose sharly at this week’s one-day auction in Col...

May 3, 2018 1 min read

Sri Lanka's glyphosate ban cost Rs35bn in crop losses: farm managers

Sri Lanka's tea farm managers say a ban on the popular weedicide glyphosate without using scientific evidence, which end...

May 2, 2018 2 min read

Sri Lanka tea crop seen increasing as rains return

ECONOMYNEXT – Sri Lankan tea production, which has been hit badly in recent years by bad weather, is seen increas...

March 16, 2018 1 min read