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Camellia PLC CAM Interim Management Statement

  Camellia PLC (CAM) - Interim Management Statement

RNS Number : 5730P
Camellia PLC
26 October 2012




                                 Camellia Plc

                                      

                         Interim Management Statement



26 October 2012



This statement  is  made  in  accordance  with Rule  4.3  of  the  UK  Listing 
Authority's Disclosure and  Transparency Rules  and covers the  period from  1 
July 2012 to 26 October 2012.



The interim report issued  on 30 August 2012  has been posted to  shareholders 
and includes a statement from the  Chairman. That report, which can be  viewed 
on the company's website (www.camellia.plc.uk),  refers to a number of  issues 
that would otherwise be reported in this interim management statement.



Tea production has  seen a slight  improvement in the  Dooars region of  India 
with more favourable weather conditions during August. However, tea production
in Assam and the Dooars regions is  lower than last year. Overall, prices  are 
slightly ahead of the same period last year. Tea production in Bangladesh  has 
resulted in yields higher than last  year. Prices are higher at local  auction 
as demand for better quality tea increases.



Lower rainfall during the  early part of the  growing season has impacted  tea 
production in Kenya  and Malawi. Prices  are higher than  last year,  although 
they have  softened in  recent weeks.  Avocado volumes  are in  line with  the 
previous year.



The sale of  50.5% of the  Siret Tea Company  (SOEC) by Kakuzi  to the  Sirret 
Outgrowers Empowerment Company has been completed. SOEC now owns 100% of  the 
Siret Tea Company.



The UK operations continue  to show mixed fortunes  in the difficult  economic 
climate in the UK and Europe. Activity at GU Cutting and Grinding in Stockport
has increased with the  award of a  major contract for  water jet cutting  and 
grinding. The new facility at Hinkley  for Abbey Metal Finishing is now  fully 
operational but  the  uptake of  orders  has been  slower  than hoped  for  as 
aerospace customers complete  qualification audits of  the new facility.  Cold 
storage utilisation at ACS&T has increased as the industry consolidates.

                                      

The increase in marketing activity by Duncan  Lawrie has led to a widening  of 
the client base.



Further enquiries please contact Camellia Plc

Malcolm Perkins

01622 746655

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IMSMABATMBMTBMT -0- Oct/26/2012 06:00 GMT