Sector - Plantation

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Re: Sector - Plantation

Postby NC+ » Fri Dec 22, 2017 6:36 am

Thanks Prasa & Sashi
So, Russia has confirmed that the beetle was found inside shipping container, Not in Tea. :)
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Re: Sector - Plantation

Postby SHARK » Fri Dec 22, 2017 9:35 am

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Re: Sector - Plantation

Postby Edmond » Fri Dec 22, 2017 2:03 pm

Thx SHAK for the update.

QoQ 128% increased... :ympeace:

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Re: Sector - Plantation

Postby PAT » Fri Dec 22, 2017 3:27 pm

Thanks Sashi, Shark
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Re: Sector - Plantation

Postby senarath67 + » Mon Dec 25, 2017 8:47 am

Finally the meeting is fixed on 27 th December.Dr Rohan Pethiyagoda is leading the sri lankan team to Rusia.Let's hope for ths best.

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Re: Sector - Plantation

Postby Master Blaster » Mon Dec 25, 2017 4:21 pm

Breaking News

Russia agreed to lift ban on tea imports from Sri Lanka on December 30th following discussions - Minister Navin Dissanayake

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Re: Sector - Plantation

Postby sashimaal » Mon Dec 25, 2017 4:32 pm

\m/
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Re: Sector - Plantation

Postby Edmond » Mon Dec 25, 2017 5:38 pm

Good news.... :ymapplause: :ymapplause: :ymapplause:

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Re: Sector - Plantation

Postby PAT » Mon Dec 25, 2017 11:11 pm

Master Blaster wrote:Breaking News

Russia agreed to lift ban on tea imports from Sri Lanka on December 30th following discussions - Minister Navin Dissanayake


............ \m/
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Re: Sector - Plantation

Postby Fair investor » Mon Dec 25, 2017 11:30 pm

PAT wrote:
Master Blaster wrote:Breaking News

Russia agreed to lift ban on tea imports from Sri Lanka on December 30th following discussions - Minister Navin Dissanayake


............ \m/

:ymapplause: :ymapplause: :ymapplause:

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Re: Sector - Plantation

Postby Edmond » Tue Jan 02, 2018 8:14 pm

What will be the tea direction in January, any views....?

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Re: Sector - Plantation

Postby PAT » Tue Jan 02, 2018 10:23 pm

Call for better monitoring of Sri Lankan tea exports

ECONOMYNEXT – Sri Lankan plantations companies have called for improved phytosanitary surveillance and quarantine processes on tea exports and commended the government for moving fast to get a ban by Russia lifted.

Planters Association of Ceylon, which represents tea plantations companies, said prompt government action was crucial in lifting the ban, imposed by Russia, the island’s biggest tea market, after the discovery of the Khapra beetle in an export container of tea from Sri Lanka.

“The prompt and strategic intervention of key officials across state institutions including Minister of Plantation Industries, Navin Dissanayake, Sri Lanka Tea Board Chairman, Rohan Pethiyagoda together with officials from the Department of Agriculture, and the National Plant Quarantine Service was crucial in bringing about such a swift resolution to such a serious issue that is acceptable to all stakeholders, within the span of just two tea auctions,” a statement said.

“While the limited disruption to exports of Sri Lankan tea to such an important market as the Russian Federation is unfortunate, we hope that this incident will serve as further impetus for the continuing improvement of phytosanitary surveillance and quarantine processes within the domestic supply chain,” it said.
(COLOMBO, January 02, 2018)
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Re: Sector - Plantation

Postby Blue Whale » Wed Jan 03, 2018 7:11 am

Time to time we will see some setbacks but overall the sector should grow exponentially.
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Re: Sector - Plantation

Postby Blue Whale » Wed Jan 03, 2018 7:16 am

We have seen some interest in the sector yesterday. MAL, BALA, MADU, MASK, ELPL, etc gained some good attention.
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Re: Sector - Plantation

Postby PAT » Sun Jan 07, 2018 9:24 am

z_p38-Tea.jpg
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Re: Sector - Plantation

Postby Blue Whale » Sun Jan 07, 2018 9:34 am

Thanks PAT. Lets see how this sector moves in 2018.
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Re: Sector - Plantation

Postby SHARK » Sun Jan 07, 2018 10:30 am

little i knew specifically if the previous regime was their till 2017, the international community was planning a ban on tea exports from srilanka. so we we would have been similar to N & Iran. we should thank the prez for swift action in this regard after talking to russian counterpart and tea exports have resumed. but we should be careful to fumigate the containers and assure our international buyers.
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Re: Sector - Plantation

Postby Edmond » Fri Jan 12, 2018 12:12 am

2018 second week auction prices are encouraging, all categories have gone up considerable level.

Hope for the best.... :x

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Re: Sector - Plantation

Postby PAT » Sun Jan 14, 2018 1:30 am

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Re: Sector - Plantation

Postby SHARK » Sun Jan 14, 2018 9:49 am

What will be the results of this Qtr compared to last year Oct-Dec.
What will be performance compared with recent qtr Jul-Sep 2017.

These are the 2 things we should keep a tab.

Western High done very well in both periods.

Other Elevations with mix sentiments.

The bottom-line is most elevations have done exceedingly well in my opinion as per my numbers except Low Growns QoQ 2016/17.

We will have to wait and see.
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Re: Sector - Plantation

Postby Beginner » Sun Jan 14, 2018 3:07 pm

Hope TPL will produce best result in the sector

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Re: Sector - Plantation

Postby SHARK » Wed Jan 17, 2018 1:05 am

Tea production in 2017 was at 307 Mnkg, up only 5% when compared with the previous year’s drought-affected figure of 292 Mnkg, brokers said yesterday but recovering marginally from the seven year low hit in 2016.

Production in December fell by 13.5 percent from a year earlier, the board’s data showed

Asia Siyaka Commodities Plc, quoting Tea Board data, said the 2017 figure of 307 Mnkg was the lowest since 2009 when total production crashed to 291 Mnkg. A collapse of the market in Q4 2008 following the global banking crisis and draft in 2009 restricted production.

“2017 crop losses were caused by a combination of circumstances; though the weather pattern did not settle after the previous year’s El-Nino condition.

Normal agricultural practices were disrupted by the banning of the only cost-effective weedicide in the market and higher cost of fertiliser,” Asia Siyaka added.

“If weather holds, Sri Lanka could reach 320 million kilos (of production) in 2018.”

Tea output in 2016 dropped 11.1%, in its third straight yearly decline. Tea export volume dropped to a 14-year low in 2016, broker data showed.

Export earnings fell 5.3% to $1.26 billion in 2016 from $1.33 billion in 2015. Sri Lanka recorded its highest earnings of $1.63 billion in 2014.

Low Grown production of 197.1 Mnkg is up 7% on the low 2016 figure of 183.6 Mnkg. However, it is the first time since 2011 that production has dropped below 200 Mnkg.

The High Grown figure of 64.3 Mnkg is the lowest since 1992 when production crashed to 53.7 Mnkg following a severe drought. The quantity is even lower than the 2016 drought-affected figure of 64.4 Mnkg. Production from this elevation has been in the region of 73-75 Mnkg in the previous five years.

Mediums at 45.5 Mnkg are marginally ahead of the 2016 quantity of 44.5 Mnkg. Over the past five years production of the elevation has been in the region of 49-56 Mnkg.
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Re: Sector - Plantation

Postby Blue Whale » Wed Jan 17, 2018 7:31 am

Last year/quarter results shows that the price alone can't determine the bottom-line. Its having a crucial say by the production volumes as well and most worrying thing is that we can't segregate the total production into the respective RPCs. This is the main factor that our expectation for last quarter was not met at least towards 75%-80% accuracy.
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Sri Lanka Tea Board in deal to increase exports to Turkey

Postby NC+ » Wed Jan 17, 2018 6:51 pm

ECONOMYNEXT - Sri Lanka is to enter into an agreement on agricultural cooperation with Turkey, one of the main markets for the island’s tea exports, with the Tea Board seeking a deal to increase shipments.

The Cabinet of Ministers this week approved a proposal by Agriculture Minister Duminda Dissanayake to sign a memorandum of understanding on agricultural cooperation between Sri Lanka and Turkey, the state information office said.

The Cabinet took into consideration plans by the Sri Lanka Tea Board for a special agreement to increase tea exports to Turkey.
(COLOMBO, January 17, 2018)
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Re: Sector - Plantation

Postby PAT » Wed Jan 17, 2018 11:00 pm

good news, thanks NC.....
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