Notable
“…They are to utilize this land as collateral not just for housing but for their children’s education
Giving land expected to require around 4,777 hectares
Less than qualified men are in management positions, because they know how to order people around
May hurt the ability to service bank loans
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
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.
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.
| 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 | - | - |
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
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