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Iranian tea importers had offered to double the quantity of tea they buy from Sri Lanka under the Iranian tea-for-oil barter mechanism from its current USD five million to US 10 million during the winter months – December to March -Niraj de Mel, President of the Sri Lanka Tea Board (SLTB
Sri Lanka has made arrangements to donate a consignment of Ceylon Tea to the people of Palestine in the Gaza Strip as a token of humanitarian assistance symbolizing Sri Lanka’s unwavering support and solidarity with the people of Palestine, the Ministry of Foreign Affairs said. The donation was received by the Ambassador of Palestine to […]
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.
Minister of Foreign Affairs, Ali Sabry will participate in the 22nd Commonwealth Foreign Affairs Ministers Meeting (CFAMM) at the Commonwealth Headquarters, Marlborough House, London on 15 March 2023. Prior to the CFAMM, on 13 March Foreign Minister will attend the Commonwealth Day celebrations which also marks the 10th anniversary of the signing of the Commonwealth […]
Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.The post Sri Lanka tea industry to fully recover next year, says minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA
The Government of Sri Lanka with the support of the Ceylon Tea Exporters donated a consignment of “Ceylon Tea” to the Ambassador of Türkiye in Colombo to be delivered to the victims of the devastating earthquakes in Türkiye. The consignment was handed over to Ambassador of Türkiye Demet Şekercioğlu by Director General for Emergency Response […]
[…]The post Budget Woes; How Soon Will Titanic Touch The Bottom? appeared first on Colombo Telegraph.
The sharp increase in lending rates is a major cost to the industry
We must first set ensure that politics is led by economics and science, and not the other way around.
US dollar earnings were up 2% to 117.5 million dollars in July from a year ago
US dollar earnings were down 6 percent to 116.5 million dollars in June from a year ago.
Tea farmers would be able to import fertilizer and inputs
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
It is necessary that the policymakers do not make the mistake of not listening to the experts in the industry
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
A new programe is being planned to prevent the export of dust tea to the foreign market. Information has surfaced on an organized gang which is engaged in the dispatch of dust tea to the foreign market. Industrialists claim that this is a serious threat to Sri Lanka’s tea industry. Drawing the attention to this ...
By Chrishanthi Christopher Sri Lanka’s Tea Exporters fear that tea will lose its place as one of the major revenue earners for the country if trade with Iran is abandoned. With Iran out of the market it is reported that for over five weeks the high grown teas are being sold at low prices to ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
Thousands of jobs at risk By Indika Sri Aravinda The tea industry, the country’s second largest net foreign exchange earner is facing a potential crisis as a result of the economic sanctions imposed on Iran by the US government, the Sri Lanka Tea Board said. Tea Board Chairperson Janaki Kuruppu
Sri Lanka’s value added tea export has increased by 58% during the first nine months of the year. The country’s value added tea export percentage was averaging around 30% during the past few years. The Sri Lanka Tea Board said its intention was to increase the exports of value added tea