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Mumias FY 2014
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murchr
#71 Posted : Sunday, September 21, 2014 5:48:57 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Mainat wrote:
The KANU-types destroy, others have to rebuild


Its got nothing to do with KANU just plain laxity and incompetence by management.
"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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VituVingiSana
#72 Posted : Sunday, September 21, 2014 9:48:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
murchr wrote:
Mainat wrote:
The KANU-types destroy, others have to rebuild


Its got nothing to do with KANU just plain laxity and incompetence by management.
And the farmers supported by politicians who want the votes... Vicious cycle that makes consumers suffer..
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#73 Posted : Thursday, September 25, 2014 10:40:04 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
All this talk of sugar is dead yet the products are on the shelves, with a ready market is getting a bit frustrating. The question is when will the government do something about it, time is running out.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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VituVingiSana
#74 Posted : Thursday, September 25, 2014 11:58:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
HaMaina wrote:
All this talk of sugar is dead yet the products are on the shelves, with a ready market is getting a bit frustrating. The question is when will the government do something about it, time is running out.
Relying on the government is a folly in of itself.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#75 Posted : Thursday, September 25, 2014 1:21:56 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Sugar Factories in India closing down due to low global sugar prices

http://www.bloomberg.com...-as-losses-increase.html
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VituVingiSana
#76 Posted : Thursday, September 25, 2014 1:49:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
[quote=the deal]Sugar Factories in India closing down due to low global sugar prices

http://www.bloomberg.com...as-losses-increase.html[/quote] Bad news for Mumias as more (cheap) sugar will find its way to Kenya.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#77 Posted : Thursday, September 25, 2014 2:10:03 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
VituVingiSana wrote:
the deal wrote:
Sugar Factories in India closing down due to low global sugar prices

http://www.bloomberg.com...as-losses-increase.html
Bad news for Mumias as more (cheap) sugar will find its way to Kenya.

Problem in India is price control by the government, as per the article (remember Kenya Energy Sector).
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#78 Posted : Thursday, September 25, 2014 2:44:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
dunkang wrote:
VituVingiSana wrote:
the deal wrote:
Sugar Factories in India closing down due to low global sugar prices

http://www.bloomberg.com...as-losses-increase.html
Bad news for Mumias as more (cheap) sugar will find its way to Kenya.

Problem in India is price control by the government, as per the article (remember Kenya Energy Sector).
GoK and GoI want mills to pay a minimum for the sugarcane. And it just adds up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#79 Posted : Thursday, September 25, 2014 3:11:05 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
VituVingiSana wrote:
dunkang wrote:
VituVingiSana wrote:
the deal wrote:
Sugar Factories in India closing down due to low global sugar prices

http://www.bloomberg.com...as-losses-increase.html
Bad news for Mumias as more (cheap) sugar will find its way to Kenya.

Problem in India is price control by the government, as per the article (remember Kenya Energy Sector).
GoK and GoI want mills to pay a minimum for the sugarcane. And it just adds up...


It would be quite reckless if the millers expected anything on a silver platter, for any government if you operate, expect to pay and that should be factored into any budget that they make.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Cde Monomotapa
#80 Posted : Thursday, September 25, 2014 3:24:36 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
#56 Posted : Friday, September 12, 2014

[quote=Cde Monomotapa]@Realtreaty Came across some interesting material on Sugar beets. This is by Brit farmers & millers.

Beets have their own dynamics. Very interesting

Video: Sugar beet campaign under way for 2014 http://www.fwi.co.uk/art...-under-way-for-2014.htm

http://www.fwi.co.uk/art...ace-hefty-price-cut.htm

Also, seems to be a concern of glut by the bigger/global millers, looking to cut production. Points to higher sugar futures going forward.

http://www.moneycontrol....raders-say_1174081.html[/quote]
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