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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
The Committee on Public Enterprises (COPE), on Tuesday (19), instructed the Sri Lanka Tea Board to submit a report within three months detailing the outcomes of all the money they spend on promoting tea. Chairman of COPE, Prof. Ranjith Bandara made this directive when it was revealed that the Tea
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 $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.
Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.The post Sri Lanka tea industry to fully recover next year, says minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA
Earnings from Sri Lanka’s tea exports contracted 5 percent Year-on-Year (YoY) or by US$ 65.7 million to US$ 1.259 billion in 2022 due to reduced quantities shipped to importing markets.The post Tea export earnings down 5% in dollar terms, but hit record-high in rupee terms amid sharp depreciation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]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.
Promises inputs amid soft-peg crisis
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
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.
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 ...
By Elmo Leonard Sri Lanka’s mid-February dual hike of diesel by 37 percent and electricity for industry by 15 percent sent shock waves through the gamut of the island’s tea industry. As Sri Lanka celebrates 145 years of commercial tea plantations this year, the government’s boast is that the industry sustains 2 million of its population, directly and indirectly. The brag was echoed by Minister of ...
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
Aug 24, Colombo: Plantation Minister of Sri Lanka Mahinda Samarasinghe says that the current crisis in the Middle East has an adverse impact on the country's tea industry.
Mar 24, Colombo: The Sri Lanka Tea Board (SLTB) statistics have revealed that the country's tea production in February has recovered from the effects of drought and economic crisis experienced in 2009.
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