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In dollar terms, the average sale price for Sri Lankan tea had been 4.41 dollars per kilogram
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.
The average tea price in August hit 1,951.82 rupees per kilogram
US dollar earnings were up 2% to 117.5 million dollars in July from a year ago
July prices surpassed the previous record price reported in April 2022 of 1,333.61 (USD 4.14).
By Steve A. Morrell Rupee earnings from tea from January to June this year is Rs.164.2 billion. This translates into a 28 per cent increase in earnings from tea over corresponding earnings from tea during the same period last year, which amounted to Rs. 127 billion, an Asia Siyaka (AS) tea research report said. In […]
US dollar earnings were down 6 percent to 116.5 million dollars in June from a year ago.
Promises inputs amid soft-peg crisis
Tea farmers would be able to import fertilizer and inputs
In rupee terms export in May were up 54 percent to 33 billion rupees
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.
Sri Lankas tea industry is deeply divided over plans to boost earnings by importing cheaper leaves for blending and re-export, over fears the changes could water down the Pure Ceylon brand.
Sri Lanka's tea industry is deeply divided over plans to boost earnings by importing cheaper leaves for blending and re-export, over fears the changes could water down the "Pure Ceylon" brand. ...
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 ...
Another Cancer Hospital affiliated to the National Cancer Institute at Maharagama is to be constructed. It will be built at a cost of 2100 million rupees. The Ahamad Tea Company in London which sends Sri Lanka tea to around 70 countries for about 25 years will be giving 1500 million rupees
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 ...
Seven reasons were touted for the liberalization of the tea industry by Tea Exporters’ Association (TEA) representatives when they met the press on Tuesday. Those were “Ceylon Tea” losing its position in international markets to global brands; blenders moving out from Colombo to new tea hubs such as Dubai due to exorbitant duties charged on ...
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 ...
Industry Has a Bright Future-Analyst By Dinouk Colombage Tea prices at the Colombo auctions have increased after the weakening of the rupee and demand high. “Tea prices have seen an increase due to the rupee devaluation, however, there has been no change to the level of demand,” Oshan de Silva, marketing executive of Forbes and ...