Plantation sector workers in Sri Lanka are set to receive a revised daily minimum wage of Rs. 1,350, effective October 10. This increase comes with an additional allowance of Rs. 50 for each extra kilo harvested, following successful negotiations between Regional Plantation Companies (RPCs), trade unions, and the Wages Board. According to industry sources, the
The national tea sales average for September 2024 reached Rs.1,207.99 (US $ 4.04), marking an increase of Rs.19.50 and US $ 0.06 compared to the August 2024 average of Rs.1,188.49 (US $ 3.98). When compared to the September 2023 average of Rs.1,165.72 (US $ 3.63), the figures show a year-on-year (YoY) growth of Rs.42.27 and
Sri Lanka’s tea exports in July 2024 totaled 21.35 million kilogrammes, marking a 6.2% year-on-year decline. While bulk and packeted tea exports showed negative variances, tea bags recorded a marginal gain compared to July 2023. The FOB value for July 2024 increased to Rs.1,773.70, up Rs.158.39 from the previous year. From January to July 2024,
Sri Lanka’s tea production shows a mixed picture: Overall, YTD production is lower across all elevations compared to 2023. Key Takeaways:
Plantation companies are holding firm on their stance regarding productivity-based wages for estate workers, amidst union demands for a daily pay of Rs. 1,700. The Planters’ Association (PA) of Ceylon emphasized that while they are not opposed to wage hikes in principle, they insist on tying such increases to productivity gains. The Association submitted a
Sri Lanka’s famed Ceylon tea industry, currently grappling with various challenges, is charting a course towards regaining its past glory. A recent event organized by the Advocata Institute brought together key stakeholders to discuss and address the pressing issues threatening the industry’s competitiveness and sustainability in the global market. One of the major concerns identified