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Mumias Sugar huge demand

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Njung'e		#391 Posted : Sunday, January 26, 2014 12:54:19 PM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		dunkang wrote: Njung'e wrote: Imports have forced prices to drop from kshs 104 to 68 per kg.Show me the money. Wah!!!! I could not believe my eyes when i saw a kg of sugar at 85/- in a local store last week. Now you mean it has shuka'd to 68/-? And is this the local or imported one? Ex- factory prices for local which means imported should be lower.Expect further price falls until imports are mopped up but this also creates a true picture of what will happen when the Comesa safeguards are finally off.....actually,the cane price drops were due to low local sugar demand and it was ignited by the small millers. Nothing great was ever achieved without enthusiasm.
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Cde Monomotapa		#392 Posted : Sunday, January 26, 2014 1:35:24 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Njung'e wrote: dunkang wrote: Njung'e wrote: Imports have forced prices to drop from kshs 104 to 68 per kg.Show me the money. Wah!!!! I could not believe my eyes when i saw a kg of sugar at 85/- in a local store last week. Now you mean it has shuka'd to 68/-? And is this the local or imported one? Ex- factory prices for local which means imported should be lower.Expect further price falls until imports are mopped up but this also creates a true picture of what will happen when the Comesa safeguards are finally off.....actually,the cane price drops were due to low local sugar demand and it was ignited by the small millers. Awe$ome. Barrier no. 2 @Njung'e how should we (trust) interpret the stats given by KSB, by extension KNBS http://www.knbs.or.ke/news/lei112013.pdf where it shows improved cane delivery after June 2013? Desktop thinking would be the increase in supply means a drop in cane prices, shelf prices and hence improved consumer demand? This is food we're talking about.
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kitunda		#393 Posted : Sunday, January 26, 2014 2:23:26 PM
Rank: New-farer Joined: 5/30/2013 Posts: 25		Over the last week, as reported on TV, imported sugar was impounded in Naks and inda....from India and Kenana
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murchr		#394 Posted : Monday, January 27, 2014 7:01:43 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Njung'e wrote: dunkang wrote: Njung'e wrote: Imports have forced prices to drop from kshs 104 to 68 per kg.Show me the money. Wah!!!! I could not believe my eyes when i saw a kg of sugar at 85/- in a local store last week. Now you mean it has shuka'd to 68/-? And is this the local or imported one? Ex- factory prices for local which means imported should be lower.Expect further price falls until imports are mopped up but this also creates a true picture of what will happen when the Comesa safeguards are finally off.....actually,the cane price drops were due to low local sugar demand and it was ignited by the small millers. The sugar guru has spoken. http://www.standardmedia...-nets-sugar-worth-sh184m "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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mwekez@ji		#395 Posted : Monday, January 27, 2014 9:04:24 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		murchr wrote: Njung'e wrote: dunkang wrote: Njung'e wrote: Imports have forced prices to drop from kshs 104 to 68 per kg.Show me the money. Wah!!!! I could not believe my eyes when i saw a kg of sugar at 85/- in a local store last week. Now you mean it has shuka'd to 68/-? And is this the local or imported one? Ex- factory prices for local which means imported should be lower.Expect further price falls until imports are mopped up but this also creates a true picture of what will happen when the Comesa safeguards are finally off.....actually,the cane price drops were due to low local sugar demand and it was ignited by the small millers. The sugar guru has spoken. http://www.standardmedia.co.ke/...-nets-sugar-worth-sh184m At what price is the sugar guru calling this counter? Last i remember he called 3 bob and its here
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MaichBlack		#396 Posted : Monday, January 27, 2014 1:03:58 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,884		MaichBlack wrote: I have an order pending at 3.00/=. I'm not adjusting it for now!!! Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!! Haya basi, nime adjust my order price to 3.10/= Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mwekez@ji		#397 Posted : Monday, January 27, 2014 1:13:15 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		MaichBlack wrote: MaichBlack wrote: I have an order pending at 3.00/=. I'm not adjusting it for now!!! Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!! Haya basi, nime adjust my order price to 3.10/= Peni moja hapa ni pesa mingi. hiyo peni ni more than the brokers commission utalipa per share ;) ... cheers ;) all time low for hii counter iko hapo 3.10
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hisah		#398 Posted : Monday, January 27, 2014 1:39:27 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Watching this one keenly for I don't think 3/- will hold up when it breaks... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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jerry		#399 Posted : Monday, January 27, 2014 1:50:16 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		mwekez@ji wrote: MaichBlack wrote: MaichBlack wrote: I have an order pending at 3.00/=. I'm not adjusting it for now!!! Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!! Haya basi, nime adjust my order price to 3.10/= Peni moja hapa ni pesa mingi. hiyo peni ni more than the brokers commission utalipa per share ;) ... cheers ;) all time low for hii counter iko hapo 3.10 It's 0.10 divided by 3.10 times 100 equals 3.22%. Paka is selling at same price. I wonder which is more valuable! The opposite of courage is not cowardice, it's conformity.
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mwekez@ji		#400 Posted : Monday, January 27, 2014 2:25:24 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		hisah wrote: Watching this one keenly for I don't think 3/- will hold up when it breaks... 3.05 printed. I think there will be quick buck to be made in this breakdown if it happens ...
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