Notable
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.
Ministers denies anyone was taken hostage
October production was mainly hit by bad weather
Last week the average low grown price was 1,401.30 rupees.
Up to October 211 million were exported
Tea is Sri Lanka's main export crop and earns over $1.5 billion export revenue annually.
Rupee average rose to as much as 1676.93 rupees a kilo in the first week of October.
The cost of production of tea growers has steeply risen by 30-35 percent so far this year
In the nine months of 2022 Sri Lanka exports fell 9 percent to 192.60 million kilograms.
Data shows tea prices across all elevations have fallen between 100 to 200 rupees
In dollar terms, the average sale price for Sri Lankan tea had been 4.41 dollars per kilogram
The average tea price in August hit 1,951.82 rupees per kilogram
| 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 | - | - |
In the last week of August, Low Grown tea averaged 4.39 dollars a kilogram up from 2.95 a year earlier
This week 4.7 million kilograms were offered for sale.
US dollar earnings were up 2% to 117.5 million dollars in July from a year ago
July prices surpassed the previous record in April 2022 of 1,333.61 (USD 4.14).
Low-grown tea slipped over 100 rupees per kilogram
On July 20 auction low grown averaged at 4.54 dollars per kilogram
Six months to June output dipped 17 percent.
US dollar earnings were down 6 percent to 116.5 million dollars in June from a year ago.
On July 06 auction sale, low grown averaged 4.33 dollars
Exports to Russia and Turkey too have dropped steeply
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