Page 4 - Tea Industry

Bottom line swells for tea firms on lower crop, higher at-home consumption

Industry says Q3 of FY21 also likely to be good; Moreover, there will be no dry period as North Indian gardens observe closure during winters

Tea firms see record prices boosting profits amid Covid-induced crop losses

Most companies returned to profits in the June quarter, and indications are that the current quarter, which is typically a good time for tea industry, will be even better

Tea Board orders closure of factories in Dec to curb poor tea production

The order will be mandatory for all the gardens in Darjeeling, Sikkim, Assam, Dooars and Terai regions of north Bengal, Tea Board sources said

Bulk tea industry sees rise in consumption, price despite Covid-19: Report

Despite the Covid-19 pandemic that has created a demand-supply mismatch, the bulk tea industry has witnessed a sharp increase in both consumption as well as prices, according to a report

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

Shortage of stock prompts HUL, Tata Consumer to boost tea procurement

A TCPL spokesperson said that the lockdown had impacted the supply of tea to some extent and it was buying from multiple channels, including directly from plantation companies

Tea companies fear losing lucrative Chinese market over border conflict

Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there

No tourists, dog show cancelled: How the Nilgiris is conquering Covid-19

The effective cancellation of this year's tourist season is a crushing blow, not just to Ooty, but to all of the Nilgiris.

After South India, tea auctions set to resume in Guwahati on April 23

Two other important centres in Kolkata and Siliguri are yet to decide on a date

Rising costs, political unrest, Covid-19: Triple whammy for tea industry

The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the Covid-19 lockdown

Tea plantation companies bring focus back to quality to improve margins

Quality has been the major impediment for the plantation companies to keep pace with rising input costs vis-a-vis price realisations

Iran set to topple Russia as India's largest tea importer this year

Till September this year, Iran outpaced Russia and CIS both in terms of volume and value of tea shipments from India

Plan of Bengal, Assam govts to boost tea tourism finds few takers

Banks, on the other hand, are looking to extend lines of credit despite recent rating downgrades of major listed tea companies

Tea consumption growth slowed in 2018 on quality concerns, fewer choices

Average consumption was the highest in Gujarat at 1,385 gram (g) a year per person

Chhattisgarh promoting tea cultivation in northern belt

To start with, state govt has earmarked 5-acre private land for plantation at village Lalya in Mainpat; govt to give all assistance to farmer taking up cultivation

Tea industry turns a new leaf with AI to improve quality and flavour

AI, ML and data analytics-enabled system is used to count the fine leaf percentage of plucked leaves

Tea industry proposes new marketing effort

Plans to restart exports from Dooars after 27 years

Heavy rain helps Assam tea industry clear stock, but production to decline

In 2016, the Indian tea industry registered a bumper crop at 1,233 million kg

Heavy rain helps Assam tea industry clear stocks, but production to decline

Even as the Assam tea plantations face a production drop facing excessive rains, the situation may prove to be a boon for the tea industry, as it will help sell off a 24 million kg (mkg) carryover stock with stable prices. Had there not been any carry over stock, prices could have jumped.Industry officials, although complaining about a production fall, which can potentially impact the prices, said that the situation will help balance the tea availability at the auctions and thus will help in fetching expected prices in the near term.In case production had been normal at 30 mkg in March this year, it would have severely impacted the forthcoming auction sales realisations as this produce would have gone under the hammer alongwith the carryover stock which could have dampened prices.The auction prices of the CTC (crush, tear, curl) tea variant opened at expected levels in January this year at Rs. 142.07 in Kolkata and Rs. 123.86 at Guwahati for a kilo but thereafter declined to Rs. ...

Sustainability certified India tea estates violate worker rights: Report

The report focused on the Nilgiris district in Tamil Nadu, with approximately 200,000 tea plantation workers