FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» When will supply chain disruptions ease?
by Gowri123 Yesterday at 11:46 pm

» KHL Massive forex gains close to 6 billions
by rajini Yesterday at 10:54 pm

» Tourism in Sri Lanka: One step forward, two steps back
by rajini Yesterday at 9:21 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 4:12 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Yesterday at 12:53 pm

» Govt gets its priorities wrong
by samaritan Yesterday at 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Yesterday at 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Yesterday at 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Yesterday at 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Yesterday at 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Yesterday at 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Significant demand for Ceylon Tea from global South

Significant demand for Ceylon Tea from global South

Go down  Message [Page 1 of 1]

Namal


Senior Equity Analytic
Senior Equity Analytic

Support from Russia, Iran, CIS countries and Turkey was of note at the Colombo tea auctions, tea brokers said. Support from Libya and Iraq as well was a significant plus to the sales which boosted Colombo’s auction results last week.


Particularly Nuwara Eliya BOPs were reported to have gained Rs. 40 to 50 per kilo. Additionally, Westerns too sold well, the reports said.


Just about 1 million kilos were on offer on the Ex Estate catalogue.


Total quantity offered was 7.29 million kilos. Low growns offered 3.1 million kilos which also met with success.


Reports also suggested a slight drop in production, comparing results for March. March 2018 production was 28.6 million kilos. 2019 March production, as recorded by the Tea Board, was 28. 1 million kilos. Consensus was that this did not project debilitating influences.


The estate sector was reported to be functioning normally with no aftershocks from the Easter Sunday carnage influencing production.


However, analyzing January to March production results, this year crop achievement of 73.1 million kilos was 1.1 million kilos less than in 2018. First quarter results 2018 were 74.3 million kilos. Cumulatively, medium grown results were recorded in the plus segment, but comparatively high grown and low growns showed deficit in production.


Ceylon Tea Brokers reported Sri Lanka’s average for March was Rs.585.92 per kilo. March 2018 average was Rs. 613.75 indicating a drop of Rs. 27.83 per kilo.


Market conditions in the immediate future were predicted to be normal with no upheavals expected.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum