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



Poll

Can there be another Covid-19 wave in Sri Lanka?

Significant demand for Ceylon Tea from global South Vote_lcap68%Significant demand for Ceylon Tea from global South Vote_rcap 68% [ 178 ]
Significant demand for Ceylon Tea from global South Vote_lcap18%Significant demand for Ceylon Tea from global South Vote_rcap 18% [ 47 ]
Significant demand for Ceylon Tea from global South Vote_lcap13%Significant demand for Ceylon Tea from global South Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



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