Business
Bad news for tea industry as auction prices slide
by Steve A. Morrell
Brokers reported last week that the drop in tea prices was bad news for the industry, which was doing reasonably well in recent months.
Forbes and Walker said in their weekly tea market report that after ten months of buoyant prices, last week’s auction prices declined by Rs. 20 to 30 per kilo.
The depreciation of the rupee against the dollar, now at Rs. 202.04, was also partly instrumental for the price decline. The anticipated crop boost after Easter and the Sinhala and Tamil New Year holidays was attributed to the dip in auction prices as leaf quality is considered poor due to the pause in plucking due to the intervening holidays, brokers said.
The Forbes and Walker report further said teas from Western slopes were badly affected prices slumping by as much as Rs. 30 to 50 per kilo.
John Keells Holdings (JKH) Tea Market report said Iran, Russia and CIS countries were active in Colombo last week, with Turkey and Libya also chipping in as buyers at the Colombo auctions but in limited quantities.
Asia Siyaka (AS) weekly Tea report also confirmed that Colombo was influenced by the vicissitudes of the dollar. The currency depreciation in Turkey, Syria, and some Middle East destinations also added to price declines in Colombo. Indicated markets reduced their buying as they were unable to settle their bills because of currency fluctuations.
Market conditions were unstable with buyers adopting restraint rather than being enthusiastic over the anticipated improvement in the market, the report further said.
In addition, the decline in the US market end 2020, although the US was not considered a major buyer, influenced a telling quotient for demand for Ceylon Tea.
Ceylon Tea exports to the US from January to November 2020 worked out to 5.4 MT, which placed Sri Lanka in third position behind Argentina (34.1 MT) and India (12 MT).
Ceylon tea exports to the UK, which was our major export destination before plantations were nationalized and British interests withdrew, is now barely 1% of the British market. UK is now dominated by imports from Kenya, which exports around 62.9 MT annually (56.70%).
The auctioned quantity last week was 5.6 million kilos. Production by end March 2021 was 71. 4 million kilos. In the corresponding period last year, (2020), production was 65.3 million kilos, with a relative marginal crop increase.
Nuwara Eliya BOP/BOPF was in demand, and price appreciation was encouraging. Prices were maintained at an escalated level of Rs, 30 to Rs, 40 per kilo, according to the report.
Low grown Tippy teas were also in demand although quantities were limited. They fetched prices ranging from Rs. 2,100 to 2,300 per kilo.
Business
Charting a worker-centered AI future: Colombo hosts landmark ITF conference
By Sanath Nanayakkare
Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.
These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.
Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.
As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.
Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.
Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.
Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.
Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.
Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.
Business
Bridging the digital divide: Sri Lanka’s airport licence challenge
By Sanath Nanayakkare
As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).
While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.
This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.
The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.
Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.
For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.
Business
International Afro-Latin Dance Festival in Colombo to grow into a larger regional tourism draw
ALIF-SL, Sri Lanka’s first-ever international Afro-Latin dance festival, returns for its 4th edition from 25 to 27 September 2026 at the Galle Face Hotel, Colombo. The festival will bring together over 30 international and national artists and 175–200 participants from more than 20 countries, reaffirming its place as the region’s leading platform for Salsa, Bachata and Kizomba.
This year’s edition is headlined by Tropical Gem, the world’s No. 1 salsa team, travelling from Italy to perform and teach alongside a stellar international line-up. Attendees can also look forward to the ALIF Cup Sri Lanka Open, a keenly contested competition judged by an international panel, giving local dancers a rare opportunity to compete and connect with world-class talent.
“Every year, ALIF connects Sri Lanka to the world. With this year’s artist line-up and the ALIF Cup competition, we’re not just hosting a festival, we’re putting Sri Lanka on the map as a top destination for dance,” said JD Ruban, Founder and Director of ALIF-SL
Beyond the dance floor, ALIF-SL continues to support Sri Lanka’s tourism sector, drawing dancers, judges and enthusiasts from across the globe to Colombo and positioning the capital as an emerging regional hub for social dance. Organizers plan to grow the festival into a larger regional tourism draw, introduce new competition categories, and bring in even bigger headline acts in future editions.
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