Sector - Plantation

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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 .

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Re: Sector - Plantation

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

in december.
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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.


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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.
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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.
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Re: Sector - Plantation

Postby PAT » Thu Feb 15, 2018 4:51 pm

Good results from MAL, LDEV, BALA etc can change the trend
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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.
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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:

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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/
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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.

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Re: Sector - Plantation

Postby prasa2004 » Thu Feb 22, 2018 2:02 am

January tea output up 12%
REUTERS: Sri Lanka’s tea output in January rose 11.9 percent from a year earlier, due to favourable agro-climatic conditions and a lower base, the state-run Tea Board said on Tuesday. “The climatic conditions were good and also the 2017 January production was lower with compared to the two previous years,” Sri Lanka Tea Board Director General S.A. Siriwardena told Reuters. The island nation’s tea output rose 5 percent to 307.1 million kg in 2017, recovering from a seven-year low of 292.6 million kg hit in the previous year. Industry officials expects production to reach 320 million kg in 2018 if weather holds but the ban of cost-effective weedicides, disruption to regular agricultural practices and high cost of fertilizers could impact the production outlook. Tea production in 2017 was impacted by severe drought followed by flooding, poor application of fertilisers, a government ban on pesticides and restricted labour. Tea is Sri Lanka’s top agricultural export commodity and one of the main foreign currency earners for the US $ 81 billion economy.

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Re: Sector - Plantation

Postby prasa2004 » Thu Feb 22, 2018 5:23 am

Glyphosate ban on tea likely to be relaxed

As a sequel to earnest requests from the tea sector, the Glyphosate ban is expected to be relaxed. The National Economic Council meeting held on Monday this week had discussed the lifting of the prevailing Glyphosate ban exclusively on tea production on the request of tea planters to the plantation Ministry, industry sources said. The Planters' Association of Sri Lanka, Chairman, Sunil Poholiyadde said last year that tea production had dropped by a substantial 20% due to the Government's inability to propose an alternative weedicide for tea production. He said planters were unable to control weeds during the monsoon rains and as a result, fertilizer application had to be restricted.

On the same note Sri Lanka Tea Board, Chairman, Rohan Pethiyagoda pointed out that there was no rational explanation or responsible party behind the ban on Glyphosate in 2015. He noted that as a consequence many plantation owners had begun using alternatives which were not authorized in our export market. "These unauthorized substances have been found in our tea exports to Germany and Japan. Sooner or later, our tea export partners would impose restrictions on Sri Lankan tea exports", he said. According to the Planters Association of Ceylon (PA) an estimated loss of Rs 15 billion was experienced in 2016, due to the overgrown weeds.

In November 2016, the Cabinet appointed a committee to review the import ban on the weedicide and has submitted its recommendations to Plantation Minister, Navin Dissanayake. The Cabinet-appointed committee has recommended that the plantations industry should be allowed to import the weed killer under carefully controlled and supervised conditions, according to reports.

In 2015, President Maithripala Sirisena banned the import and release of the agrochemical Glyphosate with immediate effect. Following the ban, the Department of Agriculture in Sri Lanka on the directive of Agriculture Minister Duminda Dissanayake took steps to ensure that the ban of Glyphosate was strictly implemented throughout the country. According to the Government, the use of Glyphosate is believed to be the main cause for chronic kidney disease (CKD) that is widespread in the North Central Province in the country.

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Re: Sector - Plantation

Postby NC+ » Thu Feb 22, 2018 6:40 am

Thanks Prasa..
Its good if it can be realxed for only Tea industry in a controlled manner.
According to my understandings of Dr. Channa Jayasumana report the main issue is the hardness of the water in North central area. If pipe line water (purified water from National water supply board) can be supplied for North central people, the kidney disease can be easily controlled I think...
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3945589/
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Re: Sector - Plantation

Postby Blue Whale » Thu Feb 22, 2018 6:54 am

This is currently affecting the cost of production and the quality of output. Banning everything without a proper alternative can be destructive and can create unnecessary issues.
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Re: Sector - Plantation

Postby PAT » Fri Feb 23, 2018 4:38 pm

Sri Lanka packeted tea exports fall in January

ECONOMYNEXT – Sri Lanka’s tea export earnings rose sharply in January 2018 from a year ago, as the crop also recovered, with the free on board price near record highs but packeted shipments fell, brokers said.

Tea exports in January 2018 rose 4% to 21 million kilos from last year with Turkey and Iraq being the biggest buyers of packeted tea.

Asia Siyaka Commodities said January exports rose 13% to Rs.17.1 billion from a year ago with US dollar earnings up 10% to $111.78 million.

“The approximate rupee FOB price is the highest ever at Rs.818.73 a kilo which converts to USD5.32 per kilo,” the brokers said.

“The dollar FOB is only second to the record 2014 figure of $5.37. Last year’s average FOB value per kilo gram for the month of January was $5.03.”

While bulk tea exports and tea bags have shown a growth in January 2018 from last year, packeted tea shipments have shown a fairly significant decrease, Forbes & Walker Tea Brokers said.

Packeted teas account for the biggest earnings of all categories of exports, followed by earnings from bulk exports.
(COLOMBO, February 23, 2018)
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Re: Sector - Plantation

Postby Edmond » Fri Feb 23, 2018 5:22 pm

PAT wrote:Sri Lanka packeted tea exports fall in January

ECONOMYNEXT – Sri Lanka’s tea export earnings rose sharply in January 2018 from a year ago, as the crop also recovered, with the free on board price near record highs but packeted shipments fell, brokers said.

Tea exports in January 2018 rose 4% to 21 million kilos from last year with Turkey and Iraq being the biggest buyers of packeted tea.

Asia Siyaka Commodities said January exports rose 13% to Rs.17.1 billion from a year ago with US dollar earnings up 10% to $111.78 million.

“The approximate rupee FOB price is the highest ever at Rs.818.73 a kilo which converts to USD5.32 per kilo,” the brokers said.

“The dollar FOB is only second to the record 2014 figure of $5.37. Last year’s average FOB value per kilo gram for the month of January was $5.03.”

While bulk tea exports and tea bags have shown a growth in January 2018 from last year, packeted tea shipments have shown a fairly significant decrease, Forbes & Walker Tea Brokers said.

Packeted teas account for the biggest earnings of all categories of exports, followed by earnings from bulk exports.
(COLOMBO, February 23, 2018)


Great news. Thx for sharing. Hope unrest in Middle East area will not spoil the soups.

Can we see another good run in mid of march..?

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Re: Sector - Plantation

Postby PAT » Sun Feb 25, 2018 1:26 pm

z_p38-Tea.jpg
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Re: Sector - Plantation

Postby Asitha123 » Sun Feb 25, 2018 5:26 pm

Keep this in your mind, One tea company will have 12+ EPS in next Qtr making it 25+ for the year.
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Re: Sector - Plantation

Postby lukedesilva » Sun Feb 25, 2018 7:06 pm

Which tea company?

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Re: Sector - Plantation

Postby iF1985 JUNIOR » Sun Feb 25, 2018 8:35 pm

I have short listed 15 potential stocks for 2018, they got 3 tea or related organizations,
Guess what if Asitha123 hints about one of them. :D
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Re: Sector - Plantation

Postby solace » Sun Feb 25, 2018 9:25 pm

Asitha123 wrote:Keep this in your mind, One tea company will have 12+ EPS in next Qtr making it 25+ for the year.

Ok will try to figure it out.
Im pretty much sure that it is one out of these four....TPL / BALA / NAMU /KGAL
\:D/ \:D/

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Re: Sector - Plantation

Postby gostkasper » Sun Feb 25, 2018 9:30 pm

L-)
solace wrote:
Asitha123 wrote:Keep this in your mind, One tea company will have 12+ EPS in next Qtr making it 25+ for the year.

Ok will try to figure it out.
Im pretty much sure that it is one out of these four....TPL / BALA / NAMU /KGAL
\:D/ \:D/


TPL recorded nine month EPS of 12+ so far…

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Re: Sector - Plantation

Postby Asitha123 » Mon Feb 26, 2018 4:13 pm

gostkasper wrote:L-)
solace wrote:
Asitha123 wrote:Keep this in your mind, One tea company will have 12+ EPS in next Qtr making it 25+ for the year.

Ok will try to figure it out.
Im pretty much sure that it is one out of these four....TPL / BALA / NAMU /KGAL
\:D/ \:D/


TPL recorded nine month EPS of 12+ so far…


Then 12+ 12+ = 25+
May be 12+ 14+ = 26+ Anyway Good to keep in your basket.
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Re: Sector - Plantation

Postby Blue Whale » Tue Feb 27, 2018 7:27 am

TPL EPS good, PE good but there is a psychological barrier.
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Re: Sector - Plantation

Postby Asitha123 » Tue Feb 27, 2018 9:29 am

Blue Whale wrote:TPL EPS good, PE good but there is a psychological barrier.


Will change after next announcement.. :)
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