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Sector - Plantation

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    • 2016..

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      Last edited by GB; 07-06-2019, 11:34 AM.


      • Tea prices are on upward journey and can we witness some interest to plantation sector? Yest there were good interest in MADU / MAL and RICH. i hope this will spread to MASK-BALA -KEG and ELPL

        Auction offerings total 7.26M kg

        This week’s Tea Auction offerings totalled 7.26 million kg, with improved demand and a general appreciation of prices all round with the expectation of the extremely poor teas that were neglected, stated Forbes & Walkers Tea Brokers in their weekly tea report. Ex-Estate offerings continued to be maintained around 1.1 million kg. The overall quality of offerings was similar to last; and despite having no improvement in the overall standard of teas, the auction saw improved activity and consequently, an appreciation in prices by an average of Rs 20 per kg and more.

        Best Western BOPs were irregular, whilst their corresponding BOPFs gained Rs 20 per kg and more for select invoices. In the Below Best category, BOP/BOPFs gained Rs 20 per kg and more for select invoices, following special inquiry. Plainer BOPs were barely steady, whilst the corresponding BOPFs (clean leaf coloury sorts) gained Rs 20-30 per kg, whilst the poor leaf, particularly the thin liquoring teas, were barely steady. Nuwara Eliya’s select BOP invoices appreciated following special inquiry, while the others were difficult of sale. Corresponding BOPFs continued to sell around last week’s levels. Udapussellawa BOP/BOPFs were firm and up to Rs 20 per kg dearer. Uva BOPs gained Rs 20-30/- per kg and more following special inquiry, whilst the corresponding BOPFs were irregular. High and Mid Grown CTC BP1s met with less demand and were irregularly easier, whilst the PF1s were firm and tended dearer. Corresponding Low Grown BP1s sold around last, whilst the PF1s met with widespread demand and gained Rs 20-40 per kg and more.

        Low Growns comprised 3 million kg in the Leafy/Tippy catalogues. There was good demand for better made teas. In the Leafy catalogue BOP1/OP1s were fully firm to dearer, barring the poor teas that were irregular. OP/OPAs were fully firm to dearer.

        Here again, prices at the bottom end were irregular and easier. PEK/PEK1s too were fully firm to dearer with a selection of bolder PEKs gaining
        Rs 10-20 per kg and more at times. In the Tippy catalogue, there was good demand for the better made FBOP/FF1s and prices gained on last.

        Cleaner secondaries were dearer to last with a selection of improved teas gaining substantially. At the lower end, cleaner teas gained, while others maintained. In the Premium catalogue too, prices for most teas gained on last. Shippers to CIS, Turkey, Syria, Dubai, Saudi Arabia and Iraq were active this week.


        • technically something interesting is happening as we speak. most shares either has formed its base.
          "The best values today are often found in the stocks that were once hot and have since gone cold"


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