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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Drought and Tea Cultivation..

Drought and Tea Cultivation..

3 posters

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1Drought and Tea Cultivation.. Empty Drought and Tea Cultivation.. Sat Aug 16, 2014 7:40 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Please give me your valuable ideas.
Drought effect to Tea Cultivation?
Specially Uwa Province..

2Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sat Aug 16, 2014 8:15 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Don't know how bad the drought is.
Normally drought has considerable effect on Tea crop.

3Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sat Aug 16, 2014 8:25 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

stevenapple wrote:Don't know how bad the drought is.
Normally drought has considerable effect on Tea crop.

Effect? badly or?

4Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sat Aug 16, 2014 8:49 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

stockback wrote:
stevenapple wrote:Don't know how bad the drought is.
Normally drought has considerable effect on Tea crop.

Effect? badly or?

Badly. Sad 

5Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sat Aug 16, 2014 9:02 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Any one know about districts?
I think Badulla District is not in the list(I mean Drought effected districts)

6Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sun Aug 17, 2014 6:29 am

VALUEPICK

VALUEPICK
Expert
Expert

There was drought in  rice producing areas such as  Pollonanaruwa, and Anuradhapura. Now even those areas rains were reported.

http://www.tea.keells.lk/marketreport.htm

WESTERN’S

Western sector experienced gusts of strong winds and occasional rain during the week.

NUWARA ELIYA’S

Nuwara Eliya’s experienced overcast conditions with light showers towards the end of the week. Cold weather conditions prevailed throughout the week.

UVA’S

Uva’s experienced dry mornings, afternoons were dull, very strong winds were encountered throughout the week. Light evening showers were experienced in a few sub districts on ‘one day’ towards the weekend.

LOW GROWN’S

Ratnapura, Deniyaya Experienced afternoon showers. Heavy afternoon showers were experienced in Galle and Kalutara Districts.


TEA MARKET REPORT : SALE NO: 31 - 12TH / 13TH AUGUST 2014

Following the large crops in the second quarter of 2014 and the consequent, yet not unusual drop in quality and prices, demand for well-made teas appear to be picking up as auction quantities keep falling. With seasonally brighter teas on offer, particularly from the UVA Region, we expect prices to improve further in the coming sales. Slightly lower crop intakes in most major black tea producing countries and with the impending cooler weather in Russia and Europe, it could prompt a healthier demand in the future sales.

The 1.0 Mkgs of Ex-Estate teas on offer met with fair demand. There was active bidding for better teas on offer. The well twisted brighter BOPs were keenly sought after, whilst the BOPFs too were mostly firm. The below best types however, were easier following less interest from the tea bag sector. Demand for the Nuwara Eliya’s were lower to last following quality. Interest for the Uva seasonal teas advanced further this week with the improvement of quality and flavour. The first Rs.1000/- invoice for this season was recorded by a Pekoe invoice from Uva Highlands Estate.

The Low grown CTCs sold well. The clean leaf High & Medium PF1s were firm, others continued to attract less demand on account of poor quality.

The 3.7 Mkgs of Low Growns that were on offer this week, met with good demand. In the Leafy Category, BOP1 grade once again met with less inquiry, however Pekoe varieties maintained a firm market. Well made OP/OPAs were barely steady, but the others met with less inquiry. The tone for the Small Leaf varieties were somewhat different this week, with prices gaining for most grades, particularly towards the latter part of the sale.

Considering that some of the main markets for Ceylon Orthodox teas are undergoing turbulent times, prices still could be quoted as “quite satisfactory”.

Iran was quite active, however the main Russian buyers were somewhat subdued, there
was useful demand from Syria, Turkey, whilst Saudi Arabia , Iraq and Libya were rather quiet.

7Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sun Aug 17, 2014 12:05 pm

VALUEPICK

VALUEPICK
Expert
Expert

stockback wrote:Any one know about districts?
I think Badulla District is not in the list(I mean Drought effected districts)

Badulla 1 – 3 Day Weather Forecast Summary:

Heavy rain (total 46mm), heaviest during Mon afternoon. Warm (max 26°C on Sun afternoon, min 21°C on Tue night). Wind will be generally light.

Good luck!

8Drought and Tea Cultivation.. Empty Re: Drought and Tea Cultivation.. Sun Aug 17, 2014 12:23 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

VALUEPICK wrote:
stockback wrote:Any one know about districts?
I think Badulla District is not in the list(I mean Drought effected districts)

Badulla 1 – 3 Day Weather Forecast Summary:

Heavy rain (total 46mm), heaviest during Mon afternoon. Warm (max 26°C on Sun afternoon, min 21°C on Tue night). Wind will be generally light.

Good luck!

Thank You

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