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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Good news for Tea companies.. keep an eye out for HVA

Good news for Tea companies.. keep an eye out for HVA

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
At the final tea auction for the year concluded this week, a line of St. Coombs Dust 1 Grade (Inv No.518) was sold at an all-time record price of Rs. 700 per kilo, Forbes and Walker Tea Brokers said.

The buyer of this line of tea was L.G.W. Perera & Company owned by Akalanka Devinda Perera, a reputed buyer of high quality Dust Grades.

St. Coombs Estate, situated in the famous Dimbula Valley, reputed for its quality and flavour, is managed by Tea Research Institute of Sri Lanka and owned by the Sri Lanka Tea Board. St. Coombs has been richly rewarded for the consistency of its product and has the second highest sale average for the year in the High Grown category.

At the same sale, an invoice of Diyagama West FBOP (Inv. No. 468) too achieved an all-time record price of Rs. 740 per kilo. This invoice of tea was purchased by Union Commodities Ltd. on behalf of Ahmed Teas of London.

Diyagama West is situated in the eastern most end of the western highlands of Agrapathana District bordering Horton Plains and has consistently offered Leafy FBOPs for sale, which has fetched attractive prices throughout the year. Diyagama West is owned by Agrapathana Plantations Ltd. and managed by Lankem Tea & Rubber Plantations Ltd. The brokers for Diyagama West and St. Coombs tea is Forbes & Walker Tea Brokers Limited.

In a related development, produce broker John Keells Ltd., said two all-time record prices were established by the Company at the tea auction held last week for a PF1 and a DUST1 grade.

Dunsinane Estate, which is managed by Elpitiya Plantations PLC, achieved a price of Rs. 500 for a PF1 grade in the CTC High Grown category, whilst Mattakelle Estate, managed by Talawakelle Tea Estates PLC, secured a price of Rs. 670 for a Dust 1 invoice.
http://www.ft.lk/2012/12/20/records-tumble-at-2012s-final-tea-auctions/

http://sharemarket-srilanka.blogspot.co.uk/

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
http://www.ft.lk/2012/12/20/records-tumble-at-2012s-final-tea-auctions/

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Why only HVA. Well this auction is for bulk tea isn't it. Also the companies benefited for this high price gains are mentioned.

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
NOP. Only The plantation will get the profit.

Good for all the plantations.......Not for intermediaries like HVA.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
In the present market plantation , Bank/fin and manufacturing sectors seems over corrected .

These 3 sectors deserve a run first when the market recovers

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
true... even great banks like comb is still way below in price i must say...

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Today heavy traded MADU it's NAVPS 57.00 Trading 16.50

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