Notable
"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
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.
“…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
The national average tea price in February was 3.97 dollars or 1,438.20 rupees.
The weekly sale average grew to 1282.01 rupees from 1256.96 rupees from a week ago
Higher levels of weeds discouraged pluckers from going into the bushes
Prices of all High, Medium and Low Growns saw a fall during the auction.
Prices of all High, Medium and Low Growns saw an increase during the auction.
The weekly sale average increased from 1428.59 rupees to 1451.35 rupees from a week ago, according to data.
Sri Lanka tea production for January 2023 was 19.14 million kilograms down from 22.8 million kilograms a year ago.
While Medium Growns fell at the auction on February 14
Total offered quantity was down to 4.5 million kilograms from 5 million kilograms a week ago.
"With the rise in cost of living, a fair wage must be sought with government intervention," he said.
| 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 tea prices are down for two weeks in a row.
This week 5.1 million kilograms were offered at the auction made up of 2.2 million kilograms of Low Growns.
However, the top agriculture export commodity fetched the highest rupee revenue in history
All districts record decline in crop intake
“The 1st sale of the year got off to a good start with prices for almost all types of teas appreciating in value."
Ceylon tea prices gained steeply in 2022, after the rupee fell.
Policy mismanagement and bad weather continue to eat into dollar crop
Indians came as cheap labours under British Colonial rulers
This week 5.1 million kilograms were offered at the auction made up of 0.7 million kilograms of High Growns.
Low grown and Medium grown teas gain
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