Sector - Plantation

User avatar
GB
Top Contributor
Top Contributor
Posts: 938
Joined: Fri Aug 26, 2016 3:23 pm
Flag: Sri Lanka

Re: Sector - Plantation

Postby GB » Tue Feb 13, 2018 10:36 pm

SHARK wrote:It is reported that price of fertilizer has gone up in the market. A 50kg bag of tea fertilizer which was at Rs. 2,850 has not gone up by Rs. 500 to Rs. 3,350. Meanwhile, the traders say because of this, there is a shortage of tea fertilizer.


When this price change happen .

User avatar
SHARK
Savant
Savant
Posts: 14598
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Sector - Plantation

Postby SHARK » Tue Feb 13, 2018 10:58 pm

in december.
Price is what you pay. Value is what you get.”

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: Sector - Plantation

Postby PAT » Tue Feb 13, 2018 11:44 pm

Blue Whale wrote:I am expecting all the MAL, LDEV and BALA to outperform my estimates for this quarter than underperformed.


.......... :D
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7372
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Sector - Plantation

Postby Blue Whale » Wed Feb 14, 2018 9:54 am

Some interest can be seen in good plantation sector stocks but it is not coming out like a rally due to uncertainties in the macro environment.
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7372
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Sector - Plantation

Postby Blue Whale » Thu Feb 15, 2018 11:30 am

The sector index chart showing some kind of loosing the steam. Can be signs of entering into a bearish territory. The coming days will decide the state.
You do not have the required permissions to view the files attached to this post.
Value Invest Profit

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: Sector - Plantation

Postby PAT » Thu Feb 15, 2018 4:51 pm

Good results from MAL, LDEV, BALA etc can change the trend
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7372
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Sector - Plantation

Postby Blue Whale » Thu Feb 15, 2018 9:51 pm

LDEV already done and the price has stabilized above 8/- for the next spirited run. Probably tomorrow will be the day.
Value Invest Profit

Edmond
Senior Member
Senior Member
Posts: 588
Joined: Thu Jan 29, 2015 11:50 pm
Location: The Earth
Flag: Sri Lanka

Re: Sector - Plantation

Postby Edmond » Thu Feb 15, 2018 9:58 pm

Blue Whale wrote:LDEV already done and the price has stabilized above 8/- for the next spirited run. Probably tomorrow will be the day.


Most of plantation companies are doing well & some are extremely well.

Good hopes/horse for 2018... :ymparty:

Special thanks for BW for your contribution... :ymapplause:

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7372
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: Sector - Plantation

Postby Blue Whale » Fri Feb 16, 2018 8:12 am

Tea industry stakeholders unite to call for lifting of glyphosate ban or viable alternative in face of mounting crop losses

Tea industry stakeholders including Sri Lanka Tea Board (SLTB) Chairman Rohan Pethiyagoda called on policy makers to urgently re-evaluate the arbitrary ban imposed on glyphosate-based weedicides in light of overwhelming scientific consensus that the substance is not harmful to human health, most recently confirmed by Risk Assessment for Glyphosate conducted by the United States Environmental Protection Agency (EPA) in December 2017.



“The Sri Lankan plantation sector, and the tea sector in particular, are being forced to endure losses of up to Rs. 10-20 billion each year that the glyphosate ban remains in place, and it is mainly the small holder plantations which are being deprived of these profits as a result of this extremely damaging policy. Worse still, there has not been a single piece of scientific or factual evidence produced in Sri Lanka to justify the ban.



“This is an unstainable position and it is clear that it will cause irreparable harm to our industry if immediate measures are not taken to lift the glyphosate ban. As custodians of our economy, it is imperative that policy-makers base their decisions on facts and evidence and the reality of the current situation is that glyphosate has been banned for political reasons, without any consideration of the clear and undeniable evidence that despite being widely used for over a generation, there has been no proven links to any ill effects to human health.



EPA’s human health review evaluated dietary, residential/non-occupational, aggregate, and occupational exposures. Additionally, the Agency performed an in-depth review of the glyphosate cancer database, including data from epidemiological, animal carcinogenicity, and genotoxicity studies and found no conclusive links to any ill effects.



He further noted that the ban was also eroding Sri Lanka’s ability to compete in international markets given that other tea exporting nations that were not hindered by the inability to use glyphosate, while Sri Lanka has been left to grapple with increased costs of production and regulatory issues in traditional export destinations triggered by the use of alternative weedicides introduced in the absence of glyphosate.



The SLTB’s position on the glyphosate ban is mirrored by the vast majority of industry stakeholders, including the Ministry of Plantation Industries, the Tea Research Institute, Employee Trade Unions, and the Planters’ Association of Ceylon.



Expressing support for the stand taken by Pethiyagoda, Planters’ Association of Ceylon Chairman, Sunil Poholiyadde warned that an economic calamity of national proportions is rapidly approaching if policy-makers continue to give a deaf-ear to the ground realities, and demanded that policy-makers take immediate steps to remove the ban or provide a feasible and cost-effective alternative to glyphosate.



“Sri Lanka remains the only country in the world to have banned glyphosate, and for the past 4 years, there has still not been a single example of a medical condition that has arisen in the plantation sector that any proponent of the ban can show as justification. Furthermore, there has not been a single country anywhere in the world that has banned imports containing glyphosate residues to date. Yet as a result of this ban, all producers – including smallholders are being forced to use alternative weedicides to control the weeds that are eating away at our crop,” he noted.



The PA and various stakeholder groups have previously called upon the Tea Research Institute use its mandate to intervene and provided guidance to producers on a suitable alternative weedicide on an urgent basis, however to-date, there have been no such alternatives proposed. While RPCs are still held to a strict standard with regard to weedicide application, the ban has also resulted in smallholders experimenting with alternative weedicides, increasing the likelihood of an eventual ban the breaching of maximum residue limit standards in export markets.



“Such alternative chemicals have already triggered warnings in export destinations like Japan where the Maximum Residue Limit (MRL) allowed is significantly stricter for the most commonly used alternative, MCPA. In comparison those same standards are much less strict for glyphosate residues. This lower standard for glyphosate is based on the fact that it has been internationally accepted as having no detrimental effects to human health. Meanwhile, Sri Lanka has not even specified glyphosate MRL for its own agricultural goods and food imports, in complete contradiction to the supposed rationale of the ban,” Poholiyadde noted.



The US EPA’s findings are among the latest in a substantial body of scientific evidence – including a 2017 health survey conducted by the US National Institute Health which shows that the glyphosate “is not likely to be carcinogenic to humans and poses no other meaningful risks to human health when the product is used according to the pesticide label.” The agency’s scientific findings are consistent with the conclusions of science reviews by a number of other countries as well as the 2017 National Institute of Health Agricultural Health Survey.



“Since it is clear that this ban has nothing to do with the human health either for those producing or consuming Sri Lankan tea, then we demand that policy makers explain why they insist on taking such an illogical position, failing which, an immediate removal of the ban be gazetted.”



“Every day that the State continues its irrational inaction on this matter costs our nation approximately Rs. 55 million in crop losses. The cost of this will have to be paid eventually and its impact will be felt far outside just the regional plantation companies. If we can’t use glyphosate, they must clearly specify an alternative weedicide that is acceptable to all export destinations. We simply cannot afford to lose international market share due to short-sighted policy decisions,” Poholiyadde warned.

http://bizenglish.adaderana.lk/tea-indu ... op-losses/
Value Invest Profit

lukedesilva
Senior Member
Senior Member
Posts: 253
Joined: Mon Apr 06, 2015 8:39 am

Re: Sector - Plantation

Postby lukedesilva » Fri Feb 16, 2018 8:47 am

http://www.island.lk/index.php?page_cat ... tle=179983

The monk also called for the immediate removal of Agriculture minister Duminda Dissanayake.
The thera found fault with Dissanayake for failing to ensure steady supply of fertiliser and thereby bringing the government into disrepute.


Return to “Sector Analysis”

Who is online

Users browsing this forum: Google [Bot] and 1 guest