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Highlights
Avg. Daily Turnover; Rs.1.9 Billion
Brent Crude Oil: US$ 111.47 per bbl
Exchange Rate on 23rd Sep: US$1=Rs. 110.31

Contents
Inflation & Exchange Rate

ii

Interest Rate Movements

iii

Capital Market

iv

International Commodity Prices

Inflation in August: 7.0 percent (Point to Point)

Crude Oil Prices

vi

364 days Treasury Bill Rate: 7.30 percent

Weekly Wholesale Commodity Prices

vii

Tourist Arrivals-Aug: Up by 30 percent

Government Debt, External Finance &

Tourism

ix

Call Money Weekly Average: 8.02 percent

External Trade

Production

xi

INFLATION AND EXCHANGE RATE

TRENDS IN INFLATION
CCPI(%)
(2006/2007=100)

Core Inflation(%)
(2006/2007=100)

10

Month

4.9
5.3
5.7
6.1
6.2
6.1
6.1
6.2
6.4
6.6
6.7
7.0
7.1

6.0
6.2
7.2
7.9
8.9
6.5
5.7
6.6
7.6
8.4
8.7
8.9
7.8

Average

InflationTrend
Pointto
point
Annual
Average

6.6
6.5
6.6
6.7
7.0
6.8
6.6
6.6
6.6
6.9
7.1
7.4
7.5

2
Jan10
Feb
Mar
Apr
May
June
July
Aug
Sep
Oct
Nov
Dec
Jan11
Feb
March
Apr
May
June
July

5.0
5.7
6.5
6.9
6.8
6.2
7.2
7.7
8.9
8.2
7.1
7.5
7.0

8
%

Annual
Average

Annual

10
9

Core Inflation Trend

Point to
point

8
7
%

Aug-2010
Sep
Oct
Nov
Dec
Jan-2011
Feb
March
Apr
May
June
July
Aug

Point to
point

Point
to
point

6
Annual Average

5
4
3
2

Jan-10 Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec Jan-11 Feb March Apr

May

June

July

Source: Department of Census and Statistics

The point to point inflation decreased to 7.0 per cent in August 2011 from 7.5 per cent recorded in July 2011 mainly from price
decreases in the sub category of food and non alcoholic beverages. The annual average inflation rose slightly to 7.1 per cent in
August 2011 from 7.0 per cent recorded in July 2011. Core inflation that measures the price movements of the items in the CCPI
basket excluding fresh food, energy, transport, rice and coconut, decreased to 7.8 per cent in year on year basis and annual average
increased to 7.5 per cent in August 2011, compared to 8.9 per cent and 7.4 per cent, respectively in the previous month.

1
REAL INTEREST RATES

141.4
142.6
144.1
145.7
147.2
149.2
151.3
150.6
150.6
151.5
151.2
151.7
151.3

Annual
Avg
Change

5.0
5.7
6.5
6.9
6.8
6.2
7.2
7.7
8.9
8.2
7.1
7.5
7.0

4.9
5.3
5.7
6.1
6.2
6.1
6.1
6.2
6.4
6.6
6.7
7.0
7.1

91
Days
T Bill
Rate

Real
Interest
Rate
(Y on
Y)

Real
Interest
Rate
(Annual
Avg)

7.55
7.13
7.11
7.29
7.24
7.01
6.97
6.98
7.09
7.10
7.12
7.11
7.11

-2.55
-1.43
-0.61
-0.39
-0.44
-0.81
0.23
0.72
1.81
1.10
-0.02
0.39
-0.11

-2.65
-1.83
-1.41
-1.19
-1.04
-0.91
-0.87
-0.78
-0.69
-0.50
-0.42
-0.11
-0.01

Sources: Department of Census and Statistics, Central Bank of Sri Lanka

ii

12
10

Declined Interest Rates

AWDR

8
6
4
2

TB Yeild
Rate
Annual
Average
Inflation

2010 Jan
2010 Feb
2010 Mar
2010Apr
2010 May
2010 June
2010 July
2010 Aug
2010 Sep
2010 Oct
2010 Nov
2010 Dec
2011 Jan
2011 Feb
2011 Mar
2011 Apr
2011 May
2011 june
2011 june

Aug-2010
Sep
Oct
Nov
Dec
Jan-2011
Feb
Mar
Apr
May
June)
July
Aug

CCPI
Point
to
Point
Change

Month

CCPI
(2006/07=100)

CONTRIBUTION OF FOOD ITEMS TO THE

DECREASE IN CCPI FROM JULY TO AUGUST 2011
Commodity

Value Change
Rs.cts.

Change %

-142.99
-25.43
4.83
-45.93
-22.15
17.55
5.13
11.34
15.3
-144.16
14.5
-63.14
31.29
-3.43
4.39
56.92

Food
Rice
Potatoes
Coconut
Coconut oil
Chicken
Eggs
Fish and Sea food
Mango
Vegetables
Sugar
Red onions
B'onion
Green chilies
Limes
Other

MOVEMENTS OF THE CCPI IN FOOD

ITEMS
Month

-0.34
-0.06
0.01
-0.11
-0.05
0.04
0.01
0.03
0.04
-0.34
0.03
-0.15
0.07
-0.01
0.01
0.14

Aug-10
Sep
Oct
Nov
Dec
Jan-11
Feb
Mar
Apr
May
June
July
Aug

%
Change
Month to
Month
0.3
1.7
2.3
2.2
2.1
2.4
2.7
-1.5
-1.7
0.5
-1
-0.8
-0.7

Inflation
Point to

Annual

Point

Average

5.3
7
9.3
10.1
9.9
10.2
13.1
13.7
14.4
12.6
10.1
9.4
8.2

5.3
5.7
6.2
6.7
6.9
7.1
7.5
8.1
8.7
9.4
10
10.5
10.7

EXCHANGE RATES
ExchangeRateMovements20092011

Month
Ago

110.10
173.97
152.54
1.44
2.32

%
Change
2010/11

Aug
2010

109.89
181.25
157.40
1.44
2.41

112.55
176.29
150.87
1.33
2.48

-1.99
-3.63
-1.13
9.02
-10.48

118.00
116.00
114.00
112.00
110.00
108.00
106.00
104.00

January09
February
March
April
May
June
July
August
September
October
November
December
January10
February
March
April
May
June
July
August
September
October
November
December
January11
February
March
April
May
June
July
August

US Dollar
Sterling Pound
Euro
Japanese Yen
Indian Rupee

Week
Ago

RsperUS$

Currency

Week
Ending
23rd
Sep
2011
110.31
169.89
149.17
1.45
2.22

Source: Central Bank of Sri Lanka

Rupee appreciated against Sterling Pound, Euro and Indian Rupee while
depreciated against US Dollar and Japanese Yen during this week.

INTEREST RATE MOVEMENTS

Category
Repo
Reverse Repo
Call Money Weekly Average
Treasury Bill (Yield rate)
91 Days
182 Days
364 Days

Week
Ending
Sep 23,
2011
7.00
8.50
8.02

Prime Lending Rate

Commercial Bank Average
Weighted Deposit Rate (AWDR)

Call money rates remained between 7.60 per cent and 8.05 per cent

Week
Ago

Month
Ago

Year Ago

during the week. The Commercial Bank Average Weighted Deposit

7.00
8.50
8.02

7.00
8.50
7.93

7.25
9.00
8.52

Rate (AWDR) in August averaged at 6.40 per cent. The Prime

7.14
7.22
7.30

7.11
7.20
7.26

7.13
7.17
7.30

Lending Rate for the month of August averaged at 9.43 per cent.

9.32
6.40

9.51
6.40

7.11
7.19
7.25
9.36
6.35

Lending Rate stood at 9.32 per cent by week ending 23rd of

September 2011. Commercial Bank Average Weighted Prime

10.19
6.86

Source: Central Bank of Sri Lanka

MONEY SUPPLY

M1
(Rs Mn)

M2
(Rs Mn)

M2b
(Rs Mn)

Growth

July
2011

June
2011

May
2011

Apr
2011

Mar
2011

July
2010

June
2010

May
2010

Apr
2010

Mar
2010

433.0

421.0

423.2

423.5

419.1

351.2

348.4

354.6

351.9

362.8

23.29

2,025.9

1,992.5

1,957.1

1,935.7

1,899.8

1,651.0

1,637.9

1,622.3

1,603.3

1,601.0

22.71

2,312.3

2,270.9

2,239.0

2,212.1

2,176.2

1,916.4

1,881.4

1,875.3

1,868.9

1,851.7

20.66

Source: Central Bank of Sri Lanka

iii

2010/11 July
to July(%)

SHARE MARKET
Week ending
22nd Sep

Week
Ago

All Share Price Index (1985 = 100)

(ASPI)

6,762

6,851

6,703

Milanka Price Index (31/12/1998=1000)

(MPI)

6,108

6,178

7,056

Average Daily Turnover (Rs.Mn)

1,875

3,350

4,973

2,427.9

2,458.5

Market Capitalization (Rs.Bn.)

Year
Ago

All Share Price Index

Index

8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
-

2,207.6

Source: Colombo Stock Exchange

Capital Market
All Share Price Index (ASPI) closed at 6,762 points and, decreased by 89 points, during the week ending 22nd September while the more liquid
Milanka Price Index (MPI) decreased by 70 index points to close at 6,108. The Average Daily Turnover has decreased by Rs 1,475 mn. and stood at Rs
1.9 billion. Market capitalization reached Rs. 2,428 billion compared to Rs. 2,207.6 billion in the same period of the last year.

Equity Trading Statistics

Turnover -Equity (Rs.

Mn.)
Domestic (Rs. Mn.)
Foreign (Rs. Mn.)
Market Days

July
2011
34,531

July
2010
55,470

Jan-July
2011

Jan-July
2010

365,155

264,559

ASPI

July
2011
6,826

29,800

46,186

325,517

204,180

MPI

6,301

4,732

9,283

39,638

60,379

20

22

136

136

1,727

2,521

2,684

1,945

348,878

381,291

2,879,925

1,706,532

340,085

369,068

2,801,529

1,636,215

8,793
1,615

12,223
2,964

78,396
15,486

70,317
9,371

1,530
85

2,800
163

14,616
869

8,310
1,061

Companies Traded

254

231

Companies Listed

264

235

Daily Turnover Avg.

Equity (Rs. Mn.)
Trade Equity (Rs.)
Domestic
Foreign
Shares Traded _Equity
(Rs. Mn.)
Domestic (Rs. Mn.)
Foreign (Rs. Mn.)

Price Indices

Total Return Indicators

ASTRI

8,202

MTRI

7,639

Market PER

22.79

Dividend Yield

1.45

Market Capitalization
(Rs.Bn.)

2,352

Source: Colombo Stock Exchange

Stock Market - Foreign Purchases and Foreign Sales

The Colombo Top 10 Index (23.09.2011)

Company Name

Date

19 Sep
th

20th Sep
21 Sep
st

22nd Sep

23rd Sep

Foreign
Purchases
(Rs.Mn)
-

Foreign
Sales
(Rs.Mn)

Purchases

Net
Foreign
(Rs.Mn)

153.6

193.7

-40.1

127.6

120.6

7.0

89.5

700.1

-610.6

49.2

71.0

-21.8

39,734.4
From 03rd
Jan up to
23rd Sep
2011
Source: Central Bank of Sri Lanka

57,254.7

-17,520.3

John Keells Holdings

Dialog Telekom

Share
Price

209.10

No of
Shares
Issued
(RsMn.)
623

Market

Capitalization

(Rs.Mn.)

Market
Capital
%

130,297

25

8.50

8,144

69,222

11.55

Commercial Bank

113.40

234

26,577

9.7

Carsons

583.80

96

56,201

9.43

Distilleries Company
of Sri Lanka
HNB
Asian Hotels &
Properties
Ceylon Theatres
Aitken Spence
Holdings
Aitken Spence Hotels
Total

171.70

300

51,510

8.41

199.00

191

37,964

6.93

90.00
185.00

221
170

19,924
31,514

6.65
5.28

132.00
73.60

27
48

3,572
3,535
554,712

0.68
0.66
84.29

Source: www.ceylonassetmanagement.com

iv

COMMODITY PRICES
INTERNATIONAL COMMODITY PRICES

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
June-11
July-11
Aug-11
Sep-11

Gas
Average
Price
US$/MT

Rice
Thai,100
%
US$/MT

Wheat
(HRW)
US$/MT

736
735
719
718
718
670
622
589
644
698
791
933
924
813
848
886
980
904
843
870
842

601
575
543
500
478
474
466
472
499
509
541
564
542
554
524
507
500
518
548
582
596

215
207
206
200
196
183
205
268
304
290
292
290
340
362
332
359
362
347
308
331
356

1200
1000
800
Gas
US $/MT

Month

Milk
Powder
Average
Price
US$/MT
3,300
3,137
3,175
3,633
3,962
3,850
3,375
3,150
3,312
3,463
3,513
3,550
3,801
4,169
4,592
4,088
4,075
3,938
3,825
3,585
n.a.

600

Rice

400

Wheat

200
0

Source: FAO Web Sites

Commodity
Non Energy,
Agriculture, Beverages
Cocoa
Coffee, Arabica
Tea, auctions (3) average
Tea, Colombo auctions
Food, Fats & Oils
Coconut oil
Copra
Palm oil
Grains
Barley
Other Food
Meat, beef
Meat, chicken
Sugar, world
Raw Materials, Timber
Plywood
Woodpulp
Other Raw Materials
Rubber RSS3, US
Fertilizers
Phosphate rock
TSP
Urea
Metals and Minerals
Aluminum
Gold
Steel wire rod

Unit

Annual Averages
JanJanJanAug
Dec
Dec
2011
2010
2009

AprJun
2010

Quarterly Averages
JulOctJanSep
Dec
Mar
2010
2011
2010

Monthly Averages
AprJune
2011

June

July

Aug

2011

2011

2011

/kg
/kg
/kg
/kg

318.5
619.5
297.4
331.6

313.3
432
288.5
329

288.9
317.1
272.5
313.7

321
392
274.5
316.1

306.2
468.5
297.8
322.1

296.6
513.8
303.7
342.4

334.3
620.0
288.7
356.3

307.4
636.5
299.7
319.7

301.6
606.2
301.8
311.8

316.7
590.9
311.7
309.6

306.4
595.2
304.0
315.7

$/mt
$/mt
$/mt

1,916
1,284
1,171

1,124
750
901

725
480
683

955
634
813

1,162
772
873

1,546
1,038
1,108

2,073
1,379
1,251

1,996
1,342
1,147

1,803
1,186
1,133

1,663
1,121
1,088

1,454
985
1,083

$/mt

205.5

158.4

128.3

146.9

161.9

181.1

198.1

209.5

210.1

215.5

206.1

/kg
/kg
/kg

405.0
190.6
58.65

335.1
172.1
46.93

263.6
171.7
39.91

342.4
173
34.93

330.9
176.0
42.94

353.2
172.10
58.01

410.0
188.2
62.70

406.0
191.0
52.56

390.0
191.7
55.58

399.0
192.6
62.21

399.0
194.3
61.18

/sheets
$/mt

600.9
924.5

569.1
867.6

564.6
616.2

566.3
881.5

572.3
916.8

580.5
900.8

588.5
891.5

603.2
942.0

607.7
950.4

612.7
948.0

619.2
940.0

/kg

531.4

365.4

192.1

372.7

337.5

432.8

573.2

530.1

493.4

473.2

467.6

$/mt
$/mt
$/mt

177.2
525.8
404.5

123
381.9
288.6

121.7
257.4
249.6

125.0
354.4
237.2

125.0
388.6
280.4

140.0
463.8
357.0

158.3
486.3
353.4

182.5
544.2
407.9

182.5
549.5
485.9

197.5
555.0
474.8

197.5
560.0
477.5

$/mt
$/toz
$/mt

2,530
1,500
747

2,173
1,225
712

2,110
973
970

2,096
1,196
767

2,090
1,227
678

2,343
1,367
653

2,501
1,384
684

2,611
1,507
782

2,558
1,529
790

2,525
1,572
790

2,379
1,757
790

Source: The World Bank

= US cent

$= US dollars

CRUDE OIL PRICES - SINGAPORE PLATTES PRICES (US$/bbl)

Sep 23
Brent (New York Closing
Prices) (US $/bbl.)
WTI (US$/bbl.)

Sep 22

Sep 21

Sep 20

Sep 19

Week
Ago

Month
Ago

Year
Ago

111.47

111.51

117.56

116.49

114.99

117.19

109.95

77.88

79.64

80.16

85.80

86.76

85.67

87.97

86.18

74.71

Singapore Plattes Prices (Refined Petroleum Products) (US $/bbl

Petrol

118.10

Diesel
Kerosene

119.10

122.88

121.80

123.70

124.51

118.97

80.31

119.35

119.85

123.20

123.05

125.05

124.71

122.84

86.74

120.50

120.55

123.65

123.65

125.20

125.41

124.65

87.63

Source: Central Bank of Sri Lanka

CRUDE OIL PRICES (Monthly Average)

WTI European Market
(US$/bbl)
78.32
76.38
80.97
84.38
73.71
72.91
76.13
71.52
75.23
82.17
84.23
89.12
89.25
88.63
102.86
109.45
102.21
101.54
97.19
86.32
86.69

Jan-2010
Feb
Mar
Apr
May
June
July
Aug
Sep
Oct
Nov
Dec
Jan -2011
Feb
Mar
Apr
May
June
July
Aug
Sep*

Brent Crude Oil Prices

Brent (US$/bbl)
76.73
74.07
78.90
84.59
75.69
72.46
76.23
72.79
78.25
83.97
85.91
92.24
97.33
103.70
115.39
124.41
117.54
116.85
117.35
111.14
116.37

130
110
90
70
50
30

2011
2010
2009

US $ bn

Month

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Oil prices have been volatile since second half of 2010 and reached US $ 116.37 /bbl as
at 23rd Sep. The increase in prices has mainly driven by geo-political issues in the
Middle East and the North Africa at the beginning of the year. The recent fall in oil
prices could be mainly attributed to concerns about sovereign risk of some European
countries, concerns over the US economy and the possible slowdown of the growth in
global economy..

* Up to 23rd Sep 2011 Source: Central Bank of Sri Lanka

MONTHLY AVERAGE REFINED PRODUCT PRICES 2010/2011 Singapore Plattes Prices (US$/bbl)
Petrol

Diesel

Kerosene

Jan-2010
Feb
Mar
Apr

84.80
83.72
88.54
91.80

84.30
82.52
87.23
94.60

85.97
82.46
86.75
94.54

83.34
87.96
May
June
79.56
83.93
July
80.48
84.83
80.67
80.85
Aug
Sep
80.60
87.06
Oct
87.07
92.93
91.26
96.66
Nov
100.19
102.84
Dec
108.16
104.24
Jan -2011
117.51
109.78
Feb
130.68
115.39
Mar
137.91
128.25
Apr
127.47
123.91
May
126.70
121.90
June
128.38
123.54
July
123.04
119.84
Aug
123.94
123.50
Sep*
* Up to 23rd Sep 2011
Source: Central Bank of Sri Lanka

88.14
85.13
85.45
86.93
87.87
93.97
97.41
103.73
109.76
120.21
132.25
138.67
128.54
127.76
129.17
124.93
124.61

Refined Petrol Prices

150
130
110
90
US $ per bbl

Month

70
50
30

vi

WEEKLY RETAIL COMMODITY PRICES

WEEKLY WHOLESALE COMMODITY PRICES
Dambulla Market

Week Ending 21st Sep 2011 (Rs /Kg)

Pettah Market

Average
Wholesale Prices

Rice (Rs/Kg)
Samba
Kekulu (Red)
Vegetable
Beans
Cabbage
Carrots
Tomatoes
Pumpkins
Snake Gourd
Brinjals
Ash Plantains

Red-Onions (Local)
Potatoes (NEliya)
Dried Chilies
(Imported)
Dhal (Indian)
Eggs (Red) (Each)
Coconut (Each)

Week
Ending
22/09/11

Week
Ago

Month
Ago

Year
Ago

58.50
46.00

60.50
45.00

60.50
47.75

64.29
52.70

100.00
30.00
80.00
60.00
50.00
50.00
30.00
50.00

80.00
35.00
60.00
18.00
20.00
20.00
25.00
40.00

101.25
25.63
51.25
17.50
19.50
23.75
35.00
35.00

97.78
48.87
82.63
72.11
30.66
41.62
45.16
60.79

82.50
85.00
253.00

77.50
112.50
250.00

61.25
103.33
251.50

94.01
83.14
160.89

100.00
9.80
32.00

95.00
9.30
29.00

106.25
11.06
32.00

135.85
12.75
28.42

380.00
255.00
120.00
500.00

418.00
270.00
140.00
675.00

387.50
272.50
137.50
462.50

Rice (Rs/Kg)
Samba
Kekulu (Red)
Vegetables
Pumpkins
Snake Gourd
Ash Plantains
Beans
Carrots
Tomatoes

326.54
224.78
105.68
371.57

54.00
41.00
42.13
24.25
38.75
71.00
56.63
28.50

Other Foods
Potatoes (NEliya)
Dried Chilies (Imported)
Red-Onions (Local)
Coconut (Each)

86.50
251.38
76.25
25.25

Marandagahamula Average Price of Rice (Rs /K g)

Week
Week Month
Year
Item
Ending
Ago
Ago
Ago
23/09/11
Samba
Sudu Kekulu
Raw Red
Nadu

Fish (Rs/Kg)
Kelawalla
Balaya
Salaya
Paraw (Small)

Wholesale
(Average)

Food Item

51.73
41.85
42.50
44.50

52.64
41.70
42.67
45.65

53.10
46.03
42.10
47.88

64.12
55.62
54.35
56.31

Source: Central Bank of Sri Lanka

Source: Central Bank of Sri Lanka

The wholesale prices of Samba, Raw Red and Nadu further decreased during this week. The wholesale prices of most vegetable varieties
increased against previous week while the prices of most fish varieties decreased. Prices of other commodities, such as Red -Onions
(Local), Dhal, Coconut and dried chilies, increased during the corresponding period.

vii

WEEKLY RETAIL COMMODITY PRICES - 03rd Week of September 2011

Fresh
Broiler
Fresh Fish
Paraw
Balaya
Kelawalla
Salaya
Dried Fish
Sprats
Eggs
Coconut
Coconut Oil
Red Onions
B- Onions (Impo)
Brinjal
Beans Green
Cabbage
Leeks
Beet Root
Carrot
Tomatoe
Radish
Vetakolu
Snake Gourd
Bandakka
Kolikuttu
Papaw
Pineapple
Kerosene oil
Diesel (CPC)
Petrol
Gas (Litro)

1 kg
1 kg
1kg
1kg
1kg
1kg
1kg
1 kg
450g
1 kg
400g
1 kg
1kg
1kg
1kg
1kg
1kg

65.42
68.29
62.55
60.09
53.10
56.11
50.09
84.60
48.96
97.12
264.00
101.92
120.87
133.71
229.76
180.51
208.58

54.00-72.00
65.00-72.00
54.00-70.00
55.00-65.00
43.00-60.00
55.00-60.00
43.50-60.00
80.00-90.00
45.00-50.00
93.00-100.00
264.00-264.00
80.00-120.00
100.00-140.00
110.00-160.00
200.00-280.00
160.00-200.00
160.00-250.00

66.07
68.55
63.60
59.68
54.56
58.40
50.71
85.17
48.95
97.02
264.00
105.38
125.72
137.17
229.79
183.19
210.67

65.99
68.21
63.76
59.53
54.26
57.33
51.18
85.15
48.95
97.37
264.00
87.78
134.73
141.02
230.65
190.05
211.47

65.11
68.23
61.99
60.41
52.09
55.22
48.96
74.17
42.10
89.41
244.00
80.18
104.85
157.49
180.30
222.14
156.27

1kg

466.84

450.00-500.00

465.00

458.00

451.92

Year
Ago

Rice Prices

66.5
66
Rs per kg.

Month
Ago

65.5
65
64.5
Year Ago

487.00
350.00

450.00-500.00
350.00-350.00

477.00
350.00

453.64
350.00

483.28
351.53

1 kg
1 kg
1 kg
1 kg

736.19
476.47
652.22
158.15

600.00-800.00
400.00-560.00
490.00-720.00
120.00-200.00

725.00
464.29
657.08
166.67

734.50
485.83
691.92
159.94

716.77
466.87
635.36
150.29

1 kg
Each
Each
1 kg
1 kg
1kg
1 kg
1 kg
1 kg
1kg
1kg
1kg
1kg
1kg
1kg
1kg
Each
1kg
1kg
1 liter
1 liter
1 liter

373.59
10.74
34.48
172.17
110.25
71.00
71.54
117.23
63.41
61.33
74.24
87.46
69.70
68.81
76.90
70.23
89.00
15.11
67.59
94.37
61.00
76.00
125.00

300.00-400.00
9.00-13.00
25.00-45.00
150.00-200.00
90.00-120.00
70.00-72.00
60.00-98.00
110.00-140.00
50.00-80.00
40.00-80.00
60.00-100.00
60.00-100.00
50.00-80.00
50.00-80.00
60.00-80.00
50.00-80.00
70.00-100.00
12.00-18.00
60.00-80.00
75.89-127.00
61.00
76.00
125.00

373.19
10.06
34.99
164.07
109.62
72.38
78.27
116.59
65.27
60.63
74.51
87.39
64.10
68.29
78.06
68.51
86.68
14.72
78.63
105.05
61.00
76.00
125.00

380.78
11.43
34.66
183.24
97.59
95.91
72.31
131.19
65.20
69.33
75.19
82.44
54.23
67.81
76.37
68.19
77.82
15.00
92.27
104.42
61.00
76.00
125.00

363.02
15.20
32.36
158.19
90.68
75.99
89.26
125.79
98.97
115.71
89.75
97.47
106.27
69.01
92.79
74.92
91.91
14.86
51.74
125.62
51.00
73.00
115.00

12.5kg

2046.00

2046.00

2046.00

1890.00

1550.00

750ml

Source: Department of Census and Statistics

viii

Week Ago This week

160
155
150
145
140
135
130
125
120
Year Ago

1kg
1kg

Month
Ago

Average Retail Prices of Dhal

Rs per kg.

Rice
Samba(Avg.)
No. 1
No. 2
Nadu Red
Raw Red (Avg)
No. 1
No. 2
Wheat Flour
Bread
Sugar
Anchor
Potatoes (Impor)
Potatoes (Local)
Red Dhal
Cowpea (Avg)
Gree Gram(Avg)
Kadalai (Avg)
Meat
Beef
Chicken

Week
Ago

Unit

Rs.

Rs per kg.

Item

Colombo
This
Price
Week
Range

140
130
120
110
100
90
80
70
60
50
40

Month Ago

Week Ago

This week

Retail Prices of Potatoes

Year Ago Month Ago Week Ago This week

Potatoes (Local)
Potatoes (Imported)

The average retail prices of

most rice
varieties declined further during this week.
Prices of most of the vegetables remained
mixed performance. Most fresh fish varieties
retail prices have mixed performance.

GOVERNMENT DEBT AND EXTERNAL SECTOR

End July
2011

Government Debt (Rs.bn)

Month ago

GOVERNMENT DEBT

Total Outstanding Public Debt

4200

Total Domestic Debt

2,755.0

2,746.8

Total Foreign Debt

2,264.8

2,125.3

Total Government Debt

5,019.8

4,872.1

4000
3800
3600
3400
3200
3000

Source: Central Bank of Sri Lanka

EXTERNAL ASSETS
External Assets
(US$ Mn)
Total Reserves
Gross Official
Reserves

July
2011

June
2011

May
2011

Apr
2011

Mar
2011

July
2010

June
2010

May
2010

Apr
2010

Mar
2010

Growth
2010/11(%)

9,487

8,600

8,502

8,690

8,248.7

6,913

6,691

6,391

6,578

6,558

37.23

8,099

7,451

7,026

7,163

6,993.2

5,467

5,428

5,032

5,215

5,192

48.14

7000
5000
3000
1000

Trend of Gross Official Reserves

Position

Jan-09
Mar-09
May-09
Jul-09
Sep-09
Nov-09
Jan-10
Mar-10
May-10
Jul-10
Sep-10
Nov-10
Jan-11
Mar-11
May-11
Jul-11

US $ mn.

Source: Central Bank of Sri Lanka

Official Reserves
The gross official reserves were US$ 8,099 mn by the end July 2011. The
total reserves stood at US $ 9,487 mn at the same time. This is
equivalent to 6.8 months of imports and the gross official reserves were
equivalent to 5.8 months of imports. Workers remittances rose by 26.4
per cent to US $ 2,506.6 million during Jan to June 2011.

PRIVATE REMITTANCES (US$ Mn.)

Category
Inflows

2011 Jan to June

2,506.6

2010 Jan to June

1,983.1

% Change
26.4

211.5
2,295.1

186.1
1,797

13.6
27.7

Outflows
Net flows
Source: Central Bank of Sri Lanka

TOURIST ARRIVALS

January
February
March
April
May
June
July
August
September
October
November
December
Total

change
2010/11

2009

2010

2009

2010

2011

38,468
34,169
34,065
26,054
24,739
30,234
42,227
41,207
37,983
37,571
44,311
56,862

50,757
57,300
52,352
38,300
35,213
44,730
63,339
55,898
47,339
52,370
72,251
84,627

74,197
65,797
75,130
63,835
48,943
53,636
83,786
72,463

46.2
14.8
43.51
66.67
38.99
19.00
32.28
29.63

30.0
26.7
26.5
20.4
19.3
23.5
33.0
32.1
30.2
28.7
34.6
79.1

44.7
50.4
46.1
33.7
31.0
39.3
55.8
49.1
41.7
46.1
63.6
74.4

70.5
62.5
76.2
61.9
47.0
52.0
81.3
70.3

57.7
24.0
65.3
83.7
51.6
32.3
45.7
43.2

447,890

654,476

537,787

35.2*

349.5

575.9

521.7

49.0*

Source: Sri Lanka Tourism Development Authority.

* Change in first eight months

ix

2011

change
2010/11

100,000
80,000
60,000
40,000
20,000

No.

Month

Tourist Arrivals in 2010-2011

Earnings (US $ Mn.)

Janu
Febr
March
April
May
June
July
August
Sept
Octo
Nove
Dece
Janu
Febr
March
April
May
June
July
August

Arrivals

Tourism
Tourism sector enjoyed with total earnings of US $
521.7 million during Jan-Aug, 2011 period with an
increase of 49 per cent over the same period of 2010.
The number of tourist arrivals also increased to 537,787
during first 8 months, a 35.2 per cent increase
compared to 2010.
The boom in the tourism sector opens doors to the
private investment in resorts, hotels, convention
centers, transport, health facilities, shopping and
recreation activities. It also helps to create new demand
for local production of vegetables and fruits, recreation
as well as industrial products.

EXTERNAL

TRADE
Category

Exports
Agricultural
Tea
Other
Industrial
Food, Beverages and Tobacco
Textiles and Garments
Rubber products
Diamond and Jewellery
Other
Mineral
Unclassified
Imports
Consumer goods
Food & Drink
Other Consumer Goods
Motor Cars & Cycles
Intermediate goods
Petroleum
Fertilizer
Chemicals
Textiles & Clothing
Diamonds
Other Intermediate Goods
Investment goods
Machinery & Equipment
Transport Equipment
Building Materials
Other Investment Goods
Unclassified
Trade Balance

Jan-July
2011
Cumulative
(US$ Mn.)

Jan-July
2010
Cumulative
(US$ Mn.)

July
2011
(US$ Mn)

July
2010
(US$ Mn)

Growth

957.56
205.39
127.67

875.55
213.07
153.23

9.37
-3.60
-16.68

6,014.38
1,333.92
832.31

4,617.22
1,172.30
802.40

30.26
13.79
3.73

77.72
743.46

59.84
655.72

29.88
13.38

501.61
4,606.99

369.90
3,390.37

35.61
35.88

52.12
385.37

55.43
367.05

-5.97
4.99

340.28
2,405.03

314.90
1,866.45

8.06
28.86

80.73

62.88

28.39

492.21

283.90

73.37

44.75

23.87

87.47

218.91

185.70

17.88

180.49
8.70
0.01

146.49
6.76
0.01

23.21
28.70
0.00

1,150.50
73.40
0.07

739.42
54.51
0.05

55.59
34.65
40.00

1,777.02

1,123.54

58.16

11,091.20

7,477.24

48.33

341.03

245.18

39.09

2,432.22

1,583.65

53.58

162.05

131.85

22.90

1,285.19

1,019.35

26.08

178.97
87.29

113.33
50.67

57.92
72.27

1,147.03
574.74

564.30
186.41

103.27
208.32

999.28

632.49

57.99

6,177.17

4,200.85

47.05

441.86

187.46

135.71

2,492.63

1,788.42

39.38

53.59

20.01

167.82

204.69

144.24

41.91

39.30

29.71

32.28

286.73

219.06

30.89

176.37

161.37

9.30

1,290.60

902.48

43.01

49.73

37.41

32.93

241.20

155.67

54.94

238.43

196.53

21.32

1,661.32

990.98

67.64

Rate

(%)

Growth

2010/11
(%)

383.83

236.73

62.14

2,398.98

1,553.40

54.43

178.18

99.06

79.87

1,085.90

618.09

75.69

53.47

50.01

6.92

475.54

317.97

49.55

104.65

62.43

67.63

589.57

451.24

30.66

47.52
52.88
-819.46

25.23
9.15
-247.99

88.35
477.92
230.44

247.96
82.83
-5,076.82

166.10
139.35
-2,860.02

49.28
-40.56
77.51

Source: Central Bank of Sri Lanka

2000
1800
1600
1400
1200
1000
800
600
400

Imports
Exports

Ja
M
M
Jul
Se
No
Ja
M
M
Jul
Se
No
Ja
M
M
Jul
Se
No
Ja
M
M
Jul

US $ Mn

External Trade Movements (2008-2011July)

Earnings from exports grew by 30 per cent to US$

6,014.28mn during the first seven months of 2011. The
earnings for the month of July increased by 9.4 per cent
compared to July 2010 mainly due to enhanced
performance in industrial and mineral exports. A significant
growth was recorded in the sub sectors of machinery and
equipment, diamond and jewellery and textiles and
garments.
The import bill for the reference period reached US$
11,091.20mn, increase by 48 per cent. The major
contribution was recorded in the imports of intermediate
goods that primarily comprised of petroleum and fertilizer.
Trade deficit expanded to US$ 5,076.82mn during this
period recording a 78 per cent increase over the same
period of 2010.

PRODUCTION
QUARTERLY GDP GROWTH (%)
1st Q
5.2
(1.3)
8.6
5.2
7.8
9.8
7.2
7.7
6.1
0.5
6.9
7.2
6.2
5.9
6.0
6.4
1.6
3.6
1.9
1.0
7.1
9.1
6.9
6.7
7.9
(5.1)
11.1
9.5

2nd Q
6.4
1.7
6.8
7.3
7.7
5.6
8.3
7.8
6.4
3.7
7.5
6.5
7.0
7.4
6.9
6.9
2.1
5.0
3.0
1.2
8.5
6.3
9.2
8.6
8.2
1.9
9.4
8.8

3rd Q
6.9
4.6
7.7
7.0
7.7
4.0
8.4
8.2
7.0
3.8
7.5
7.4
6.3
12.4
5.6
5.5
4.2
(0.5)
4.4
5.1
8.0
6.2
8.8
8.0

4th Q
6.4
2.8
8.8
6.0
7.4
5.5
8.5
7.3
7.6
6.4
8.5
7.4
4.3
4.0
5.2
3.8
6.1
5.5
7.3
5.6
8.6
6.3
8.9
8.8

Annual
5.6
11.0
23.7
14.8
6.9
6.1
8.4
7.8
7.4
3.3
7.6
7.1
6.0
7.5
5.9
5.6
3.5
3.2
4.2
3.3
8.0
7.0
8.4
8.0

10

GrowthRate

8
6

2005
Agriculture
Industry
Service
2006
Agriculture
Industry
Service
2007
Agriculture
Industry
Service
2008
Agriculture
Industry
Service
2009
Agriculture
Industry
Service
2010
Agriculture
Industry
Service
2011
Agriculture
Industry
Service

4
2
0

1st

2nd

3rd

4th

GDP grows at a faster pace

The Sri Lankan economy is estimated to have grown by 8.0% in
the first half of 2011 compared to the growth rate of 7.8%
recorded in the first half of 2010, particularly with the support of
the improved domestic and external demand. The Industry and
Services sectors grew by 10.3% and 9.1%, respectively during
the first half of 2011. The buoyant performance particularly in
manufacturing and factory industries, external trade, tourism,
banking and financial services, hotel and restaurants, power
generation, private sector services and transport &
communication sub sectors contributed mainly to this improved
performance. The Agriculture sector contributed negatively by
recording a growth rate of -1.8% mainly reflecting the weather
related setback experienced in the first quarter of the year,
followed by a gradual recovery in the second quarter.

Source: Department of Census & Statistics

Labour Force Statistics

Labour Force Participation Rate
Unemployment Rate

2010 1st
Quarter
49.1
5.1

2011 1st
Quarter
48.8
4.3

2010
Annual
48.6
4.9

Source: Department of Census & Statistics

UnemploymentRate
10
8

Rate

Employment

6
4
2
0
2004 2005 2006 2007 2008 2009 2010 2011
1Q

PADDY STATISTICS
Category
Production
Mn.Mt
Bushels mn.
Harvested Area
Hectares (000)
Acres (000)
Average Yield
kg per ha

2009

2011
2010/2011 Maha

Total

2009/201
0 Maha

2010
2010*
Yala

1.26
61

3.65
175

2.6
126

1.67
80

4.27
206

1.9
95

605
1,494

338
834

943
2,328

643
1,590

376
929

1,019
2,519

591
1,462

4,421

4,186

4,304

4,599

4,444

4,522

3,796

2008/2009
Maha

2009 Yala

2.38
114

Total

Source: Department of Census & Statistics

The paddy production in 2010 increased by 17 percent to around 4.3 million mt. compared to the 2009 production of 3.7 million
mt, recording a highest ever paddy production since 1952, benefiting from increased extent in cultivation, increased average yield
by 5 percent, supported by favorable weather conditions and continuation of fertilizer subsidy. The total extent harvested also
increased by 8 percent over 2009. The paddy production in 2010/2011 Maha season decreased by 27 percent to around 1.9 million
mt compared to the 2009/2010 Maha season due to severe flood damage in the Eastern and the Central parts of the country in
early 2011.

xi

TEA, RUBBER & COCONUT PRODUCTION

Category
Tea (Mn. Kg)
Rubber (Mn. Kg)
Coconut (Mn. Nuts)

2011

Jan-July
195.7
93.5
1,203

2010 Jan-July
196.7
85.0
1,553

% Change
-0.5
10.0
-22.5

Source: Central Bank of Sri Lanka

EXTENT, PRODUCTION AND COST OF PRODUCTION - Tea, Rubber &

Coconut
Year

Tea

Rubber

Coconut

Extent
(Hectares)

Production
MT

COP
(Rs./Kg)

Extent
(Hectares)

Production
MT

COP
(Rs./Kg)

Extent
(Hectare
s)

Producti
on MT

COP
(Rs./1000
nuts)

2002

212,715

310,030

121.97

116,478

90,520

55.74

394,836

2,459

3,584

2003

212,715

303,229

126.72

116,478

92,009

59.76

394,836

2,512

4,135

2004

212,715

308,089

133.09

116,478

94,700

65.98

394,836

2,590

4,774

2005

212,715

317,200

149.13

116,478

104,352

72.56

394,836

2,515

4,870

2006

212,715

310,800

161.98

116,478

109,135

87.65

394,836

2,684

5,436

2007

212,715

304,600

210.75

116,478

117,600

102.31

394,836

2,805

6,124

2008

221,969

318,700

231.49

116,478

129,243

119.89

394,836

2,909

8,795

2009

221,969

290,000

269.01

124,000

136,000

135.83

394,836

2,859

9,166

Source: Department of Census & Statistics

Cow and Buffalo Milk Production 2000 - 2010

Average Monthly Milk
Production (Liters)

Annual Milk Production

(Liters)

Cow
Milk

Buffaloe
Milk

Total
Monthly
Milk
Production
(Liters)

2000

12,603,800

2,517,512

15,121,312

151,245,600

30,210,148

181,455,748

2001

12,730,400

2,521,900

15,252,300

152,764,800

30,262,800

183,027,600

2002

12,736,740

2,529,510

15,266,250

152,840,880

30,354,120

183,195,000

2003

13,045,500

2,521,500

15,567,000

156,546,000

30,258,000

186,804,000

2004

13,308,000

2,550,000

15,858,000

159,696,000

30,600,000

190,296,000

2005

13,484,700

2,577,100

16,061,800

161,816,400

30,925,200

192,741,600

2006

13,748,100

2,637,180

16,385,280

164,977,200

31,646,160

196,623,360

2007

14,144,000

2,690,100

16,834,100

169,728,000

32,281,200

202,009,200

2008

14,370,200

2,970,890

17,341,091

172,442,406

35,650,685

208,093,090

2009

15,338,740

4,104,280

19,443,020

184,064,880

49,251,360

233,316,240

2010

15,993,300

4,636,200

20,629,500

191,919,600

55,634,400

247,554,000

Year

Cow Milk

Buffaloe
Milk

Source: Department of Census & Statistics

xii

Total Annual
Milk Production
(Liters)

PRODUCTION OF CEREALS, PULSES & VEGETABLES

2009

2010

Extent (Hectares)
2008/09
Maha

2009
Yala

Extent
(Hectares

Production (MT)

2009
Total

2008/09
Maha

2009
Yala

2009
Total

Production (MT)

2009/10 Maha

Cereals
Maize

44,786

6,070

50,856

114,660

15,110

129,770

127,760

48,890

5,024

880

5,904

5,570

860

6,430

6,210

5,540

108

30

138

140

40

180

80

60

10

20

30

10

10

20

10

20

Green gram

6,674

1,900

8,574

7,520

1,740

9,260

7,590

6,890

Cowpea

8,488

2,950

11,438

10,060

3,420

13,480

8,140

7,860

Black gram

7,496

370

7,866

6,600

480

7,080

9,240

9,080

Red onions

2,175

2,320

4,495

21,040

25,190

46,230

31,730

2,520

Soya Beans

425

1,230

1,655

800

2,990

3,790

1,350

710

Oil Seeds
Ground
Nuts

6,877

2,130

9,007

10,200

2,870

13,070

11,260

7,330

Gingelly

2,412

8,470

10,882

1,480

7,050

8,530

1,700

2,600

Musterd

323

40

363

280

20

300

400

350

14,706

9,160

23,866

178,710

99,140

277,850

178,630

14,050

3,513

2,490

6,003

26,990

20,280

47,270

25,780

3,270

182

4,900

5,082

1,350

80,360

81,710

1,970

240

1,892

1,892

10,780

10,780

12,050

2,070

997

997

7,750

7,750

8,300

1,000

Kurakkan
Sorghum
Meneri
Pulses

Roots &Tubers
Manioc
Sweet Potatoes
Big Onions
Ginger (Raw)
Turmaric
(Raw)

Low Country Vegetables

Luffa

2,562

1,755

4,317

17,824

16,011

33,835

2,638

23,444

Bandakka

4,364

3,237

7,601

28,053

24,075

52,128

4,192

33,928

Snake Gourd

1,956

1,449

3,405

16,756

15,516

32,272

1,921

20,339

Brinjals

6,781

4,661

11,442

60,690

43,474

104,164

6,535

67,374

Bitter Groud

2,736

1,798

4,534

20,820

17,125

37,945

2,476

23,789

Cucumber

18,540

1,891

1,362

3,253

17,553

13,508

31,061

1,774

Ash Pumpkin

744

402

1,146

6,374

3,503

9,877

666

6,396

Red Pumpkin

5,147

2,590

7,737

54,003

33,219

87,222

5,661

65,028

Ash Plantain
5,343
Up Country Vegetables

4,060

9,403

39,311

39,088

78,399

5,121

44,981

Tomatoes

4,185

3,549

7,734

48,496

36,202

84,698

4,020

41,930

Cabbage

2,634

1,825

4,459

49,638

27,290

76,928

2,316

35,682

Beans

4,685

3,378

8,063

25,662

16,900

42,562

4,615

24,009

Leeks

911

769

1,680

14,281

12,842

27,123

861

12,657

1,152

1,218

2,370

13,621

12,257

25,878

1,336

12,732

Beetroot
Knolkhol

733

778

1,511

8,742

7,150

15,892

683

5,428

Carrot

1,795

1,230

3,025

24,165

15,850

40,015

1,615

18,919

Raddish

2,047

1,505

3,552

21,475

16,355

37,830

1,996

18,822

Capsicum

2,016

1,462

3,478

9,062

5,849

14,911

1,818

8,324

9,883

4,920

14,803

33,405

17,598

51,003

9,479

33,246

500

329

829

789

538

1,327

613

403

Beedi/Chewin
g Tobacco
1,045
257
1,302
Source: Department of Census & Statistics

2,005

433

2,438

1,546

880

Other
Chillies (Green)
Cigar Tobacco

xiii