The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

    Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction Empty Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction

    Post by The Invisible Wed Apr 08, 2020 2:40 pm

    ECONOMYNEXT- Sri Lanka’s tea prices rose sharply at an auction held amid Coroanvirus curfews with a falling rupee, strong demand from abroad and tight supplies after dry conditions in farming areas, an industry officials said.

    “With the auction prices we can see that there’s a huge demand for Sri Lankan tea,” Dinesh Fernando, Executive director, Ceylon Tea Brokers said.

    “We say that because usually the market price moves up by around 10 or 20 rupees and very rarely by 30 to 40 rupees.

    “We see some teas have gone up more than 150 rupees.”

    Prices have gone up across the board, from low, mid to high growns. Sri Lanka did not have an auction on March 25 as scheduled over anti-Coronavirus measures.

    The first automated e-auctions in place of physical auctions is now being adopted, changing a 137 year old tradition in a bid to continue operations

    Export Demand

    Unlike other export industries tea had not seen a fall in demand from foreign buyers, though volumes were down.

    “However, due to the lapse there is now a ‘tea starvation’ in play too,’ Fernando said. “Since the rupee depreciated automatically the market will move up in price because of it.”

    “There are more inquiries from other countries for tea and they have not cancelled any of the orders placed two weeks ago, “he said.

    “Demand was still in place despite a lapse of almost 15 days without an auction

    Meanwhile, active participation from buyers were seen in the e-auctions held so far.

    Bigger and smaller buyers were equally active.

    Tight Supplies

    Fernando said that unfavorable weather impacted the output however, though the government was encouraging the plantations sector to run during curfews.

    “The government has given special preference to tea sector,” he said. “Therefore, we manage to carry out trading where the factories send us the consignments and the buyers also have got their curfew passes for collection.”

    Tea brokers currently are working with a skeleton while practicing social distancing within their work.

    The rising prices will help improve cashflows of the industry he said.

    Tea factories are expected to close from April 10 to 16 for the Sinhala and Tamil New Year. (Colombo/Apr08/2020)

      Current date/time is Wed Jun 19, 2024 10:10 pm