All time record price for Wikiliya Tea Factory

Wikiliya Tea Factory situated in Balangoda, Sabaragamuwa District, achieved an all time record price of Rs. 730 per kg for BOP1A grade at the weekly tea auction held on 26 September and was marketed by M/s. Forbes & Walker Tea Brokers Ltd.

 

Wikiliya Tea Factory is managed by Senhora Synergies, headed by Managing Director Ranjan Walpola.  

 

Daily FT, 29th September 2017.

Forbes bags 5 record prices at weekly tea auctions

Shawlands Estate

Shawlands Estate established yet another all-time record price of Rs. 1,400 for an OP1 grade in the Uva medium grown elevational category surpassing their previous record price of Rs. 1,250 for the same grade which was achieved last week. This invoice was purchased by M/s., Tea-Link Colombo Ltd.
 
Shawlands Estate is situated in Lunugala, Passara at an elevation of 990 metres above sea level and is certified under Rainforest Alliance, Ethical Tea Partnership, ISO 22000:2005/9001:2008 Management System Certified for Manufacture of Black Tea Food Sector and CQC. This estate is managed by Naresh Sahabandu and comes under the purview of Hapugastenna Plantations PLC. 
 
Dunsinane Estate
 
 Dunsinane Estate established an all-time record price of Rs. 710 per kg for a PF1 grade in the western high grown CTC category surpassing their own record price of Rs. 690 per kg for this grade.
 
Dunsinane is situated at an elevation of 1,400 metres above sea level at the Pundaluoya Valley in the Dimbula planting district. It is an ISO 22000:2005 and Rainforest alliance certified facility with an annual production capacity of over a million kilos of made tea per annum. This estate is managed by Asela Udumulla and comes under the purview of Elpitiya Plantations PLC.Kenmare Estate
 
Kenmare (Concordia) Estate established an all-time record price of Rs. 780 per kg for a BOPF grade in the Nuwara Eliya category. This line of tea was purchased by M/s., Unilever Lipton Ceylon Ltd. 
 
Kenmare(Concordia) Estate is situated in Kandapola, Nuwara Eliya at an elevation of 1,900 metres above sea level and has an annual production capacity of 900,000 kg of made tea per annum. This estate is certified under Rain Forest Alliance, Fair Trade, ISO 9001, ISO 22000 and Ethical Tea Partnership. Kenmare is managed by Lasantha Samarakoon and comes under the purview of Udapussellawa Plantations PLC. 
 
Delmar Estate
 
Delmar estate established yet another all-time record price of Rs. 760 for a Pekoe in the Uva/Udapussellawa elevational category. This invoice was purchased by M/s. George Steuart Teas Ltd.
 
Delmar Estate is situated in Halgranoya, in the Uda-pussellawa region, at an elevation of 1524 metres above sea level and is certified under ISO 9001:2008 & ISO 22000:2005 Management System Certified for Manufacture of Black Tea, Food Sector. This estate is managed by Sudath Liyanage and comes under the purview of Udapusselawa Plantations PLC. 
 
Gordon Estate
 
 
Gordon Estate too established an all-time record price of Rs. 760 per kg for a Pekoe in the Uva/Udapussellawa elevational category this week. This invoice was purchased by M/s. Unitrades Ltd.
 
Gordon Estate is situated in Uda-pussellawa, at an elevation of 1273 metres above sea level. This estate is managed by Richard Ohlmus and comes under the purview of Udapusselawa Plantations PLC. 
 
Daily FT, 22nd September 2017.

Shawlands achieves another record price!

Shawlands Estate established an all-time record price of Rs. 1,250 for an OP1 grade at the weekly tea auctions held on 12 September, in the Uva medium grown elevational category. This invoice was purchased by M/s., Tea-Link Colombo Ltd. and marketed by M/s., Forbes & Walker Tea Brokers Ltd.

 

The previous all time record for this grade was established back in 2005 by Shawlands, currently they also hold the record price for the OP grade for the Uva medium elevation at Rs. 1,350 per kg.

 

Shawlands Estate is situated in Lunugala, Passara at an elevation of 990 metres above sea level and is certified under Rainforest Alliance, Ethical Tea Partnership, ISO 22000:2005/9001:2008 Management System Certified for Manufacture of Black Tea Food Sector and CQC. This estate is managed by Naresh Sahabandu and comes under the purview of Hapugastenna Plantations PLC. 

 

Daily FT, 18th September 2017.

 

World Bank defends treatment of India tea pickers amid fears of exploitation

NEW DELHI (Thomson Reuters Foundation): The World Bank group has defended the treatment of tea pickers at an Indian project it funds with the multinational Tata Global Beverages, dismissing criticism that thousands of workers were living in poor conditions.

Four charities this week said little progress had been made to protect workers at India’s second largest tea producer in the northeast state of Assam - despite the World Bank group’s own watchdog raising concerns over low wages and poor housing.

 

The International Finance Corporation (IFC) – which is part of the World Bank group – invested $7.8 million in the $87 million project to help preserve jobs and raise standards for workers, but had been criticised for failing to do this.

 

However an IFC spokesman said more funds have been allocated to improve living standards, and employee councils formed to address complaints and boost workers’ say in company decisions.

 

“There are the long-standing challenges within the tea industry in India. Across Assam and other tea plantations, poverty is deeply entrenched,” Frederick Jones told the Thomson Reuters Foundation.

 

“Despite the many challenges, Tata and IFC remain forces for good in the sector,” he added in an emailed statement.

 

The tea industry in Assam, the world’s largest growing area, has been in crisis for years with accusations of slave labour and trade unions demanding better wages while tea estate owners refused. Tea estates have faced closures due to various reasons, including labour disputes.

 

Around 30,000 tea workers are employed by Amalgamated Plantations Private Ltd (APPL) – a joint venture with the IFC and Tata Global Beverages (TGB).

 

APPL was set up in 2009 to acquire and manage tea plantations previously owned by TGB, which owns Tetley, the second-largest tea brand in the world. TGB owns just less than half of APPL and the IFC 20 percent, while the remainder is held by workers and smaller firms.

 

Complaints by charities and unions about exploitation of tea pickers prompted an IFC watchdog probe in 2014.

 

The watchdog’s findings in November last year found APPL had failed to identify and address complaints of low wages, poor housing and sanitation, and exposure to hazardous pesticides without adequate protection.

 

The investigation also found IFC’s investment supported an employee share-purchase programme in which APPL misrepresented the risks of buying stock, resulting in workers incurring debts. Despite promises to improve conditions, a report this week by four civil society groups – PAJHRA, PAD, Nazdeek and Accountability Counsel – said little has changed.

 

“Living conditions continue to remain oppressive and unsafe for tea workers, with crumbling housing, squalid sanitation, the absence of toilets and unclean drinking water,” said Stephen Ekka, Director of PAJHRA, an Assam-based charity.

 

The IFC and APPL have also failed to provide safety training or ensure basic protection gear for pesticides, he said.

 

APPL dismissed the report’s findings as inaccurate. A company statement said wages were in line with salary laws for the sector and safety and medical care provisions in place.

 

TGB said despite problems faced by India’s tea industry, APPL was committed to better the lives of its workers.

 

“APPL faces the same financial challenges as the rest of the tea industry in India,” said an emailed statement from TGB.

 

“However, that has not impeded its efforts to bring about a positive change in the tea plantations ecosystem ... in which APPL has invested a substantial amount both in terms of capital investment as well as operating expenses.” 

 

Daily FT, 04th September 2017.

Pothotuwa Tea Factory establishes all-time record price for BOP grade

Pothotuwa Tea Factory, situated in Beralapanatara, Deniyaya, achieved an all-time record price of Rs. 900 for a BOP grade at the weekly tea auctions held on 29 August. 

 

This line of tea was marketed by Forbes & Walker Tea Brokers Ltd. The Pothotuwa Tea Factory, established in 1989, is owned and managed by Anil Alwis and this tea factory is a leading producer of high quality Ceylon tea. 

 

Daily FT, 1st September 2017.

 

Uva Highlands achieves all time record price

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Uva Highlands Estate achieved an all time record price of Rs. 1,400 per kg for a BOPF grade in the Uva High grown elevational category, at the weekly tea auctions held on 23 August. This invoice was purchased by M/s., Stassen Exports Ltd., and marketed by M/s., Forbes & Walker Tea Brokers Ltd.

 

Uva Highlands Estate is situated in Bandarawela, at an elevation of 1,250 metres above sea level and is said to have originally been planted in 1915. This estate has been producing high quality seasonal teas consistently which has made the ‘Uva Highlands’ mark synonymous with the uva quality season. 

 

This factory is currently certified under Ethical Tea Partnership (ETP) and ISO 22000:2005 Management System Certified for Manufacture of Black Tea, Food Sector. This estate is managed by Lasantha Ediriweera and comes under the purview of Malwatte Valley Plantations PLC. 

 

Daily Ft, 25th August 2017.

Bangladesh tea prices up at weekly auction

DHAKA (Reuters): Tea prices in Bangladesh rose nearly 1% at the weekly auction on strong demand for quality leaf despite a higher volume on offer.

 

Bangladeshi tea fetched an average of 209.34 taka ($2.60) per kg at the weekly auction on Tuesday, compared with 207.13 taka in the previous sale, the National Brokers said.

 

There was strong demand for quality tea and buyers were ready to pay premiums although supplies were higher than last week, a senior National Brokers official said.

 

About 15% of the 2.82 million kg offered at the sole auction centre in Chittagong remained unsold. In the previous auction, 9% of the 2.40 million kg on offer was unsold.

 

Bangladesh’s tea output rose nearly 27% last year to a record 85 million kg, a harvest that was seen as being big enough to make imports unnecessary.

 

The south Asian country was the world’s fifth-largest tea exporter in the 1990s, but is now a net importer due to a surge in domestic consumption.

 

Bangladeshi buyers have imported tea in bulk from India, Thailand and Malaysia, contributing to a glut in the domestic market and reducing demand at auctions, industry insiders said.

 

Daily Ft, 25th August 2017.

IPS study reveals anomalies in living wage for tea estate workers

According to a study by the Institute of Policy Studies (IPS) the estimated living wage (a little more than the minimum pay rates needed to let workers and their families lead a decent life) for the estate workers in the tea plantation industry in Sri Lanka was Rs. 21,585 in December 2015 whereas the prevalent wage at the time was only Rs. 16,971. 

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With the wage revisions in October 2016, this gap narrowed significantly with the living wage estimate standing at Rs. 21,866 and the prevalent wage being Rs. 19,021. Due to high inflation level in July 2017, the estimate of the living wage increased to 23,314 while the prevalent wage remained at Rs. 19,086, widening the gap once again. 

 

This study marked the start of a journey towards paying the workers in the estate sector a living wage by estimating a living wage for the tea sector in the country, which accounted for 12.3% of total exports in 2016 in Sri Lanka. Unlike the minimum wage, a living wage is not legally enforced.

 

The findings from the IPS study were revealed at the Stakeholder Validation Workshop held on the Living Wage Study for the Estate Sector conducted by Research Fellow, Manoj Thibbotuwawa, Research Fellow, Nisha Arunatilake and Research Economist, Priyanka Jayawardena. The workshop, organised by the IPS, Global Living Wage Coalition (GLWC), and Fairtrade International (FLO) was held on 24 August at the IPS Auditorium, with the participation of a wide range of stakeholders, including representatives from the Regional Plantation Companies (RPCs), estate sector Trade Unions and policymakers. 

 

Presenting the findings of the study, Dr. Thibbotuwawa noted that the real wage in the tea estate sector was the lowest when compared to rubber, coconut, and paddy sectors. On a positive note though, he noted that real wage has increased at a higher rate than the inflation, favouring the employees and the daily wages of RPC workers are much better than other key industries in the informal sector.

 

He also pointed out that the wage was not the only factor that has determined the low living standards in the estate sector. Poor financial management of the employees also contributed to the poor living conditions that confront the estate sector workers. 

 

Meanwhile, Michelle Bhattacharya, Coordinator of the GLWC (partner in the study), pointed out that making sure a workers’ wage is enough to sustain himself and his family is of paramount importance to social economic progress. 

 

The presentations were followed by an engaging Q&A session where the stakeholders raised issues that were of concern to them. Expressing his views, Head of the Planters’ Association which represents the RPCs, Roshan Rajadurai, pointed out that Sri Lanka pays the highest wages to the estate workers, compared to other major tea producers, such as Kenya and India. 

 

The IPS research study estimated a living wage for the estate workers in the tea plantation industry in Sri Lanka in December 2015, using the Anker methodology. The methodology estimated the per capita cost of a basic, but decent, quality life style, which includes food, housing, clothing and footwear, health and education, other essential costs and unforeseen contingencies. This benchmark was compared with the prevailing wages in the tea industry while highlighting the importance of considering the economic aspects such as productivity, sustainability and competitiveness of the industry as well. 

 

It is hoped that the findings of this study will be useful in identifying the bottlenecks in improving living standards for workers by collaborating with all stakeholders concerned both within Sri Lanka and abroad. 

 

Daily Ft, 28th August 2017

All-time record price for Alma Tea Factory

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An invoice of Broken Orange Pekoe (BOP) grade offered under the Udapussellawa category at the tea auctions held on 15 August offered through the Alma mark realised an all time record price of Rs. 720 per kg. This line was purchased by M/s Stassens Exports Ltd. and marketed by M/s Forbes & Walker Tea Brokers Ltd. This factory is situated at an elevation of 1,450 m above sea level and is managed by Nuwara Eliya Valley Plantations Ltd. 

 

Daily Ft, 21st August 2017.

Tea auction sees good demand

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Tea auctions this week had good demand, tea brokers said yesterday with a total of 7.5M/kgs coming under the hammer with positive demand from the Middle East. 

 

Ex-Estate offerings totalled at 0.9M/kgs, Forbes and Walker said in their weekly tea statement. Quality of teas from the Western, Nuwara Eliya and Udapussellawa Districts showed no significant change whilst teas from the Uva Planting Districts were improved with a small selection of teas from the Malwatte Agro Climatic Region possessing seasonal quality/flavour. 

 

Best Western BOPs declined Rs.20/- per kg whilst the corresponding BOPF were irregular following quality. BOP’s in the below best category declined Rs.10-20/- per kg whilst the plainer sorts were mostly firm. Corresponding BOPF which commenced at easier rates firmed up as the sale progressed. 

 

Nuwara Eliya’s – BOP’s were irregular following quality whilst the BOPF declined Rs.20/- per kg. Udapussellawa’s were irregular and barely steady whilst Uva’s gained Rs.20/- per kg with prices for the seasonal teas fluctuating following quality and special inquiry.

 

CTC teas continued to sell well with select invoices in the Mid Grown category appreciating following special inquiry. There was fair interest from shippers to CIS whilst shippers to UK and the Continent were more active on select improved teas.

 

Low Growns comprising of 3.7M/kgs in the Leafy/ Tippy catalogues came up for sale this week. There was good demand particularly for the well-made teas. In the Leafy catalogue better BOP1/OP1’s were fully firm to dearer whilst others were mostly irregular.

 

Better OP/OPA’s too commenced around last levels but gained Rs.10-15/- per kg towards the close. At the lower end however poorer stalky varieties were irregular and were often lower. PEK/PEK1’s too were mostly firm barring a selection of below best teas which were irregular.

 

In the Tippy catalogue FBOP/FF1’s were fully firm to dearer particularly for the improved below best sorts. At the lower end too cleaner teas gained whilst the poor leaf sorts were easier. In the Premium catalogue better made teas were fully firm to dearer whilst others were irregular following quality. There was good demand from shippers to CIS, Turkey, Dubai, Libya, Kuwait and Saudi Arabia.

 

Daily Ft, 19th August 2017

Pothotuwa Tea Factory achieves all-time record price for BOPF grade

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Pothotuwa Tea Factory, situated in Beralapanatara – Deniyaya, achieved an all-time record price of Rs. 845 for a BOPF grade at the weekly tea auctions held on 1 August. This line of tea was marketed by Forbes & Walker Tea Brokers Ltd. Pothotuwa Tea Factory established in 1989 is owned and managed by Anil Alwis and this tea factory is a leading producer of high quality Ceylon Tea.

 

 

Daily FT- 04th August 2017

About F&W

Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down      Read More...

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