Yesterday's Trade News

Demand for tea on the increase

Daily News / Friday, January 16, 2009

There was excellent demand from Iran, Russia and Turkey, whilst Dubai, Iraq, Syria, Jordon Saudi Arabia and other Middle Eastern markets lent useful support at the last tea auction in Colombo on January 12 and 13.

According to John Keells tea market report last week’s Low Grown average saw a welcome improvement of almost Rs.26. With this week’s prices showing a further gain, it is expected that the Low Grown average would reach at least Rs. 275. More>>

Prudent trade and policy strategies with India will benefit Sri Lanka

by Devan Daniel

The Island / Friday, January 16, 2009

Academics and business personalities agreed that Sri Lanka could not ignore her giant neighbor and that opportunities must be sought to latch on to India, which has a population of 1.1 billion people and a GDP of US$ 1.2 trillion, to drive the country’s economic growth and development. More>>