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Thursday May 23rd, 2024

Sri Lanka’s Ceylon tea exports up 13.9-pct in June, Turkey top buyer

ECONOMYNEXT – Sri Lanka tea exports grew 13.96 percent to 26.99 million kilograms in June 2021, while first half exports grew 10.3 percent to 136.9 million kilograms with Turkey retaining its position as the top buyer of Ceylon Tea, industry data showed.

Sri Lanka has earned 650 million US dollars from tea exports, up from 570 million US dollars.

In the January to June 2021 period, the average free on board (FOB) price of tea was 933.18 rupees, up from 854.92 rupees, amid a depreciation of the rupee.

Total export value for the period January to June 2021 shows grew to 21.75 billion (up 20.50 percent).

For the month of June 2021 on board price rose to 917.25 rupees in June 2021 from 902.29 rupees last year, data from Ceylon Tea Brokers, a Colombo based brokerage showed.

Bulk tea exports rose 15.8 percent to 12 million kilograms, tea in packets gained 14.5 percent to 11.98 million kilograms, while tea in bags rose a marginal 3.8 percent to 2.28 million kilograms in the month of June.

Instant tea grew 38 percent to 352,004 kilograms.

Revenues rose 15.85 percent to 24.7 billion rupees in the month of June 2021.

Turkey was the top buyer of Ceylon Tea in the first six months of the year purchasing 17 million kilograms in the first half of 2021, up from 15.7 million last year.

Iraq bought 16 million kilograms down from 16.2 million last year.

Russia bought 13.3 million kilograms, down from 14.4 million kilograms last year.

United Arab Emirates became the fourth largest buyer in the first six months taking 10.2 million kilograms, sharply up from 3.3 million last year.

China, continued to increase purchases, buying 7.4 million kilograms, up from 5.0 million last year, beating Iran.

Iran bought 6.3 million kilograms, down from 8.9 million kilograms. (Colombo/July18/2021)

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Sri Lanka plans to expand Bingiriya export zone to 1,100 acres

ECONOMYNEXT – Sri Lanka is expanding an export processing zone in Bingiriya in Kurunegala and plans to link the area with Puttalam with roads and other infrastructure, Minister Bandula Gunawardana said.

A task force of ministerial secretaries will be appointed to carry out the tasks speedily, following a cabinet paper submitted by President Ranil Wickremesinghe said.

The Bingiriya zone already has 157 acres and another 282 acres is being developed by the Board of Investment, he said.

Steps would also be taken to acquire 666 acres.

There was no information whose lands would be acquired. (Colombo/May23/2024)

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Sri Lanka has power breakdowns amidst extreme weather

ECONOMYNEXT – The state-owned power utility, the Ceylon Electricity Board has reported over 36,900 breakdowns resulting in power interruptions to more than 300,000 consumers in the last three days due to inclement weather in the island, the power minister said.

“Additional service staff has been assigned to attend the breakdowns and the CEB management & service staff are working 24 hours to restore power to the affected consumers,” Minister of Power and Energy, Kanchana Wijesekera said on social media platform X (twitter).

Wijesekera said consumers could report power interruptions through the CEB hotline 1987, via SMS to 1987 with BD and the electricity consumer number to follow, or use the CEB Care app, or through http://cebcare.ceb.lk.

The South-East monsoon has seen floods, landslides and strong winds do damage to the utility provider’s infrastructure in the last week. (Colombo/May23?2024)

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Sri Lanka President calls for unity, sacrificing for a better tomorrow on Vesak day

ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe has recalled a sermon from the Buddha about sacrificing for a better tomorrow, and called for unity to heal and rebuild the country, as Buddhists celebrate Vesak.

Buddhists celebrate Vesak as commemorating the birth, enlightenment and passing away of the Buddha.

“At this challenging moment, we as a nation should cultivate the same great zeal for enlightenment that Buddha exemplified, inspired by his sermon, “Maththasukha parichchaga- passé che vipulan sukhan” – to sacrifice today for a better tomorrow,” President Wickremesinghe said in his Vesak day message.

“We must remember the advice of Lord Buddha, “Sabbattha Sammanaso,” to treat everyone equally and ensure we put it into practice as a country. This is the greatest offering we can present to the Buddha on this Vesak day.

“Regardless of race, religion, caste, or political affiliation, we must all unite to heal and rebuild our country. ”

The full statement is reproduced below:

The Vesak festival is a profoundly sacred day for Buddhists worldwide, commemorating the Buddha’s birth, enlightenment, and passing. Buddhists in Sri Lanka, along with their brethren around the globe, celebrate Vesak with deep devotion. They spend this period engaging in religious observances and venerating the Buddha with fervent devotion.

At this challenging moment, we as a nation should cultivate the same great zeal for enlightenment that Buddha exemplified, inspired by his sermon, “Maththasukha parichchaga- passé che vipulan sukhan” – to sacrifice today for a better tomorrow.

We must remember the advice of Lord Buddha, “Sabbattha Sammanaso,” to treat everyone equally and ensure we put it into practice as a country. This is the greatest offering we can present to the Buddha on this Vesak day. Regardless of race, religion, caste, or political affiliation, we must all unite to heal and rebuild our country. The principles of Lichchavi Raja Dharmaya will guide us in this endeavour.

Let us keep in mind that the primary aim of the Vesak festival is to foster spiritual growth and character development in a world rapidly advancing physically. I wish everyone a blessed Vesak festival.

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