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May 21, 2009
In Sri Lanka the tea industry’s recession coupled with a credit crunch has made the packaging industry more or less stagnant over the past year. The Sri Lankan exporters of tea, apparel and ceramics felt that the currency was overvalued and was pricing them out of their export markets. In the first four months of 2009, Sri Lankan Rupee’s has devalued almost 10% from SLR 111/US$ to SLR 119/US$.
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Issue : Volume 6. Issue 01. January 2012
PackagingSouthAsia.com is the online version of Packaging South Asia, in print as a monthly trade magazine since the beginning of 2007.
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