FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ »  Sri Lanka high grown teas see pick up

Sri Lanka high grown teas see pick up

Go down  Message [Page 1 of 1]

1 Sri Lanka high grown teas see pick up Empty Sri Lanka high grown teas see pick up Mon Aug 17, 2020 11:18 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Sri Lanka’s High Grown teas, the cheapest teas in the island, saw a slight pick up in the first sale in August amid fair demand while the more expensive Low Growns saw prices eased, brokers said.
Sri Lanka sold 6.95 million kilograms of tea, selling 0.9 million kilograms in Ex-Estate teas (teas sold while in the factory itself to retain quality) while selling 3.1 million kilograms in Low Grown (Leafy/Tippy) teas.

It was reported that 6.1 million kilograms of tea were sold in total at the auction held last week.
High Growns
Brokers said that Ex-estate teas saw fair demand at irregular levels, while Low Growns saw lower demand in a brief auction held on 11 and 12 August.
Last week, the High Grown auction average was tea sale average of 543.71rupees.
In BOP grades, Best westerns where quality was maintained, picked up by 10-20 rupees a kilogram while the others sold around last week’s levels.

Improved Below best BOP teas gained by 20 rupees per kilogram while plainer sorts were not steady.
BOP Nuwara Eliya’s were generally firm. A few select brighter Uva’s teas went up by 30-40 rupees a kilogram while Uda Pussellawa prices were lower by 10 rupees.
In BOPF grades, good quality Best Westerns were lower by 10 rupees a kilogram while Below best clean leaf teas gained by 10-20 per kilogram, brokers said.
ADVERTISEMENT
 
 
 


BOPF grade Nuwara Eliya’s were reportedly firm. Uda Pussellawa were firm while Uva’s gained by 30-40 rupees a kilogram.
Medium Growns
Last week, the Medium Grown auction average was 541.60 rupees up 7.66 rupees from a week before.
Select best OP/OPA’s were firm on last, whilst others together with the teas in the lower end gained10-20 rupees a kilogram. BOP prices were generally firm while BOPF grades clean leaf coloury sorts weren’t steady, tea brokers said.

Select Best FBOPs prices were down by 20-30 rupees whilst others firm to selectively making gains.
Select best FF1’s prices were marginally firm to making selective gains.
Low Growns
Last week the Low Grown tea sale average was 669.45 rupees down by 16.21 rupees from a week earlier.
A few select best BOP1’s maintained last week’s prices. Other high priced teas were lower following poor quality.
Select best and best BOP’s maintained whereas cleaner below best and cleaner teas at the bottom were picked up in prices.
Better OPA’s were barely steady. Others were fully firm to dearer. High priced OP’s were irregular
Well made, very tippy FBOPF/FBOPF1teas attracted good demand while Bests and cleaner Below picked up selectively.

Select best and best FF1’s were firm to selectively dearer.
CTC
In CTC teas, high grown BP1s were irregular while PF1s were not steady.
Mid grown BP1 prices were irregularly while PF1 prices sold around last auction’s levels brokers said.

Low grown BP1s were mostly firm and, brokers said. PF1s were firm to easing marginally as the sale progressed.
Crop
The Department of Meteorology predicts showers in the Nuwara Eliya and Western regions in the week ahead. Uva areas should expect showers/thundershowers are forecast in the evenings while Low grown areas too will receive showers.
Western/Nuwara Eliya regions reported dull mornings and evening showers throughout the week.

Uva region reported bright mornings and overcast evenings during the week while Udapussellawa areas reported clear mornings and evening showers.
Low Growns reported overcast mornings and evening showers during the week.
The Department of Meteorology predicts showers in the week ahead
The Western, Nuwara Eliya, Uva and Udapussellawa regions experienced a decrease in the crop intake, whilst selected estates in the Low Grown Region maintained. (Colombo/Aug17/2020

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum