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Tea prices are expected to increase 5-10 per cent in FY14, as unfavourable weather might cause production to fall by 15-20 per cent in the current financial year.
According to Samir Roy, member, Tea Board and chairman, National Federation of Small Tea Growers India, production had already seen a dip.
“We are hoping to manage production but a 15-20 per cent dip in production is likely in the current fiscal,” he said here on Friday. India produced 1,135 million kg of tea in FY13.
Kosi Baby, vice-chairman of Tea Board India, told reporters this would lead to a price rise. “The range would be 5 to 10 per cent,” he added.
When asked if the newly-launched sustainability code named ‘Trustea’ would have an impact on prices, Roy replied in the negative. The new code, which encompasses all aspects of tea production, seeks to embrace sustainability principles to boost productivity, maintain safety standards to improve quality compliance, and include all stakeholders in the mainstream.
Apart from low production, the other major problem small growers are facing is the delay in getting no objection certificates (NOC) from state governments, said Roy.
According to Samir Roy, member, Tea Board and chairman, National Federation of Small Tea Growers India, production had already seen a dip.
“We are hoping to manage production but a 15-20 per cent dip in production is likely in the current fiscal,” he said here on Friday. India produced 1,135 million kg of tea in FY13.
Kosi Baby, vice-chairman of Tea Board India, told reporters this would lead to a price rise. “The range would be 5 to 10 per cent,” he added.
When asked if the newly-launched sustainability code named ‘Trustea’ would have an impact on prices, Roy replied in the negative. The new code, which encompasses all aspects of tea production, seeks to embrace sustainability principles to boost productivity, maintain safety standards to improve quality compliance, and include all stakeholders in the mainstream.
Apart from low production, the other major problem small growers are facing is the delay in getting no objection certificates (NOC) from state governments, said Roy.
