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Low grown prices dip as US sanctions on Iran affect Colombo Tea Market

Link By Steve A. Morrell US sanctions against Iran and the depreciation of the Turkish Lira contributed to a debilitating effect at the Colombo Tea auctions. In addition, drought conditions in Uva and uncertain weather conditions in the Western hills combined to register low crops on estates. The smallholder sector as well reported low crop. As a result of depleted crops, particularly in Uva, the Cost of Production (COP) on some Uva estates were high. Brokers said the COP on these estates exceeded their net sales averages contributing to alarming conditions all round affecting tea. Explaining the influence of Turkey and Iran, they said both countries were major buyers of low growns. Depreciation of the Turkish Lira affected Ankara’s buying as much as US sanctions against Iran continued their debilitating effects on the Colombo auctions. John Keells weekly Tea Market Report said comparative prices revealed physical conditions of the tea market.
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Expertise - Plantations : Arpico Estates

Link One Of The Largest Players In The Industry The plantation sector comprises three public quoted plantation companies namely Kegalle Plantation PLC, Maskeliya Plantation PLC and Namunukula Plantation PLC and their respective management companies. In addition, Maskeliya Tea Garden Ceylon Ltd is the export marketing arm of top quality pure Ceylon value added tea, selling globally as well as locally under the flagship brand name of St. Clair's. Kegalle Plantations Kegalle plantations PLC manage 17 estates in Kegalle, Kurunegala & Badulla districts. 63 % of revenue is contributed by Rubber, 31% by Tea & and the rest 6% by Coconut and other crops. It has the competitive advantage of having its six Tea estates located in three different agro-climatic areas. Maskeliya Plantations Maskeliya Plantations Plc , is in the central highland's Western High grown tea sector and lies in the mean sea elevation of 1260 m. The company comprises of 5 estates each in Upcot
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Sudden change in weather will have an immediate impact on crop harvests: JKH report

May 24, 2018 Link Intense rainfall the country is experiencing will have an immediate impact on crop harvests. This is unfortunate as this is a period when the highest tea-crop yields are recorded in most plantation districts, John Keells tea market report stated yesterday. "The quick succession from scorching weather to flooding which we have seen frequently is recent years is believed to be induced by Global warming. Weather patterns in Sri Lanka have seen drastic changes. Whilst there has been a reduction in rainfall, there has been more intense wet and dry spells. Such intense rainfall we are experiencing will have an immediate impact on crop harvests,"the report noted. Torrential rains and thunder storms that are being experienced at the time of writing this report, has caused extensive damage to agricultural crops and property. Galle, Ratnapura and the Central Hills in particular are continuing to face the full brunt of the cyclonic storm, inundating
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