Economics
Sri Lanka Faces High Poultry Feed Costs Amid Maize Trade Controls
Sri Lanka faces high poultry feed costs due to import duties and trade controls on maize, leading to rising egg and meat prices amid child malnutrition concerns. The government’s licensing system exacerbates price hikes, affecting small poultry producers. Efforts are underway to provide affordable maize and reduce production costs.
Markets
Gold Prices in Sri Lanka: 22 Carat Gold at Rs. 207,100 for 8 Grams on October 21, 2024
As of October 21, 2024, gold prices in Sri Lanka remain high, with 22 carat gold priced at Rs. 207,100 for 8 grams and Rs. 25,890 per gram. The 24 carat rate is Rs. 225,900 for 8 grams. A gold ounce costs Rs. 800,500. Stay updated for further price changes.
Sri Lankan Rupee Strengthens to 292.90 Against US Dollar, Bond Yields Rise
On Monday, Sri Lanka’s rupee strengthened to 292.90/293.10 against the US dollar, while bond yields rose. Key bonds maturing in 2027, 2028, and 2029 saw slight increases. Colombo’s ASPI gained 0.04 percent, reaching 12,317, with the S&P SL20 up 0.13 percent. Market turnover was 196 million rupees.