Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» New Support Level 5300
by hammurabi Today at 8:47 pm

» Market will test 4700
by hammurabi Today at 8:13 pm

» EAST Steady at 18
by m2_yapa Today at 7:18 pm

» LIOC upward curve
by hammurabi Today at 7:14 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Lucky Gamage Today at 6:26 pm

» SEC yet to publish its 2017 Annual Report
by Teller Today at 5:10 pm

» Keep eye on Politics
by Teller Today at 5:01 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Today at 1:44 pm

» HNB Assurance March net down 83-pct
by Teller Today at 1:18 pm

» PABC net down 13-pct in March; loans contract
by Teller Today at 1:15 pm

» Indian stocks jumped to record highs
by Teller Today at 1:13 pm

» modi wins-India to no1 in the world
by Teller Today at 1:07 pm

» Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19
by Teller Today at 1:02 pm

» undervalued stock
by Teller Today at 1:00 pm

» CIND , 10% guaranteed return
by Teller Today at 12:57 pm

» CSE from Dawn of Peace to Rebirth of Terrorism
by Sstar Today at 12:09 pm

» INVITATION TO FORUM MODERATORS
by Agape Today at 8:52 am

» Reputation???
by Uaecoindubai Yesterday at 7:12 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 6:47 pm

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Yesterday at 5:56 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Yesterday at 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Yesterday at 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Yesterday at 11:15 am

» when bank lending rates put down ?
by nuwanmja Yesterday at 11:01 am

» Pakistan’s trade with Sri Lanka comes to a halt
by Teller Yesterday at 3:26 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by wisdom79 Tue May 21, 2019 10:46 pm

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» High Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

» CSE NOW AND AFTER ELECTION
by Ahcha Sun May 19, 2019 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Sun May 19, 2019 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Tea and rubber prices strong in first quarter

Tea and rubber prices strong in first quarter

Go down  Message [Page 1 of 1]

1Tea and rubber prices strong in first quarter Empty Tea and rubber prices strong in first quarter on Sun Apr 10, 2011 12:09 am

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Despite the crises in Libya and Japan, tea and rubber prices had remained strong in the first quarter of this year with tea from all three elevations recording year-to-date price increases with the net sale average up to Rs.394 per kg from Rs.383 a year earlier, Johh Keells Stockbrokers said in a plantation sector update.

However, the report noted that tea prices had been "greatly supported" by production declines due to adverse weather with the latest figures indicating that the February crop was down 9.3 million kg from a year earlier.

In other producer countries, the Kenyan crop was down 9.8 million up to February 11, a decline of 13.5%, while India had a deficit of 6.2 million kg in January 2011.
Rubber prices has remained buoyant with RSS 1 averaging Rs.591 per kg in the first quarter of this year, up 71% from a year earlier, while latex crepe at an average of Rs.623 per kg was up 79% from the comparative period the previous year.

However, rubber prices had taken a beating in March following the earthquake and tsunami disaster in Japan with concerns about the closure of manufacturing plants there. But prices had subsequently recovered, the brokers said.

They noted that commodity prices had benefited by the increases in crude oil prices on the back of the crises in Libya with rising crude oil prices driving up the price of synthetic rubber indicating a positive increase in the demand for natural rubber.

Brokers said that China, the world’s largest consumer of natural rubber, had remained on the sidelines of the market due to soaring prices but was expected to return soon as its natural rubber inventories depleted.

"On the supply side, floods in Thailand, the world’s largest natural rubber producer had disrupted output with production expected to drop by 50,000 tons according to the Thai Rubber Association," John Keells said noting that seasonal winter is also likely to dampen supply in the coming months which should further support prices.

Regional plantation companies had posted cumulative profit of nearly Rs.1.57 billion in the December quarter with Kotagala and Kegalle with many rubber estates in their portfolios being the biggest beneficiaries.

The sharp increases in prices more than compensated for reduced production due to adverse weather conditions, John Keells said.

Other plantations that had done well, thanks to the rubber estates in their portfolios, included Horana, Malwatte Valley and Namunukula. This was in addition to Kegalle and Kotagala.

the sunday island.lk

Back to top  Message [Page 1 of 1]

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