Notable
The exit offer price is 240 rupees per share
Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation
Medium growns fell from 4.51 to 3.55 and low growns fell to 13.32 from 14.92 million kilograms
“What they do is for private estates, they will get a retired person from the army or the Police,”
RPCs are already brought under Finance Ministry by President Wickremesinghe
"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.
Total quantity of tea exported including re-exports with imported tea amounted to 21.25 million kilos.
US dollar prices also fell in the previous week
Export earnings were reported at 127 million US dollars
Prices have gained from an average of $3.66 kilo seen at the last auction in December to $4.47 by March
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
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 |
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 |
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 |
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 |
today | yesterday | |
---|---|---|
Overnight Money | 13.93 | 14.00 |
Gilt Repo | 13.50 | 14.00 |
I-m SLIBOR | - | - |
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.
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.
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