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SLUGGISH MUMIAS?
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dunkang
#11 Posted : Tuesday, May 21, 2013 2:10:25 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Njung'e wrote:
Production for next financial year will drop to less than half the capacity due to lack of cane.I see this one trading lower than Paka this time next year.

And the sugar guru has spoken!!!

So, where are the canes going? West Kenya? Or are farmers shifting from canes farming?
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#12 Posted : Tuesday, May 21, 2013 6:06:41 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
jerry wrote:
Seems come Sep we shall "pick up the pieces" at 3/= or "pick to pieces" below that price?!


Njung'e wrote:
Production for next financial year will drop to less than half the capacity due to lack of cane.I see this one trading lower than Paka this time next year.


Am not picking this counter until they clean up house and get it in order. It has potential but too much complacency. The sugar guru has spoken, he once said if you want to make money in sugar, leta yako from Brazil
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mawinder
#13 Posted : Tuesday, May 21, 2013 8:02:46 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
dunkang wrote:
Njung'e wrote:
Production for next financial year will drop to less than half the capacity due to lack of cane.I see this one trading lower than Paka this time next year.

And the sugar guru has spoken!!!

So, where are the canes going? West Kenya? Or are farmers shifting from canes farming?

Farmers have uprooted the crop and the little that is poorly maintained and available is sold to West Kenya Sugar Company.The MD Kebati and other senior managers run it from Nairobi with weekly flights to Mumias for a tour and to allocate sugar and molasses quotas to distributors.
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For Sport
#14 Posted : Tuesday, May 21, 2013 8:13:06 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Any truth to the rumors that Ruto is pushing KVDA to set up sugar factories in Rift Valley?
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mawinder
#15 Posted : Tuesday, May 21, 2013 8:30:38 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
For Sport wrote:
Any truth to the rumors that Ruto is pushing KVDA to set up sugar factories in Rift Valley?

It is not Ruto pushing and KVDA is not involved in anyway.The plan was mooted last year by Suresh Patel a Kisumu based businessman and is undergoing approvals at Kenya Sugar Board.He is also behind South Gem Sugar Company in Siaya,Sirisia Sugar Company in Bungoma that have received the regulator's nod.
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murchr
#16 Posted : Tuesday, May 21, 2013 8:36:25 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mawinder wrote:
For Sport wrote:
Any truth to the rumors that Ruto is pushing KVDA to set up sugar factories in Rift Valley?

It is not Ruto pushing and KVDA is not involved in anyway.The plan was mooted last year by Suresh Patel a Kisumu based businessman and is undergoing approvals at Kenya Sugar Board.He is also behind South Gem Sugar Company in Siaya,Sirisia Sugar Company in Bungoma that have received the regulator's nod.


Aha!!!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mawinder
#17 Posted : Tuesday, May 21, 2013 8:45:29 PM
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Joined: 4/30/2008
Posts: 6,029
Deleted
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For Sport
#18 Posted : Tuesday, May 21, 2013 8:57:42 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Thanks @ mawinder. Looks like kvda is planning to p,ant lots of sugarcane in the region.


http://www.businessdaily.../-/ct8usoz/-/index.html

http://www.the-star.co.k...n-turkwel-sugar-project

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For Sport
#19 Posted : Tuesday, May 21, 2013 9:00:00 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
mawinder wrote:
Deleted


Stop censoring information. smile
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jerry
#20 Posted : Tuesday, May 21, 2013 9:36:47 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
For Sport wrote:
mawinder wrote:
Deleted


Stop censoring information. smile

It was double posting. Look at the time(s) of posting!!!
The opposite of courage is not cowardice, it's conformity.
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