Tea Markets

Banks to revalue McLeod Russel's gardens amidst falling tea price

Promoters of country's largest bulk tea producer had made OTS offer of Rs 1,030 cr to lenders last year against entire outstanding loan and interest. However, tea market has deteriorated since then

Tea auctioneers form association to safeguard trade rights and interests

About 40 per cent of all tea produced in India is sold through the auction route

McLeod Russel to sell Vietnam unit Phu Ben Tea Company for $2.15 mn

Subject to the completion of the sale, PBTCL would cease to be a subsidiary of BTHL and a step-down subsidiary of McLeod Russel

Tea industry in hot water over financial stress and production woes

While tea prices remained stagnant, wages of tea garden workers increased significantly in the last five years

National Chai Day: History, Importance, Celebration, Quotes for chai lovers

Chai Day is huge as it celebrates the exotic varieties of tea in India. Chai or tea is also referred to as 'masala chai'. It was first presented in Asia as a herbal drink

India's tea producers urged to improve quality, move up the value chain

Addressing the annual general meeting of the Indian Tea Association, Bhatia said that India's share in world exports has declined

Significant rise in demand for all categories of tea in Sale 24

A significant rise in demand for all categories of tea was in evidence during Sale-24, a Calcutta Tea Traders' Association (CTTA) official said here on Friday. Despite reduced offerings Darjeeling tea improved its demand during this auction, he said. The total demand increased by 17.8 per cent along with increased total offered quantity during the auction as compared to last week, the official added. The auction (Sale-24) was held on June 13,14 and 15. According to CTTA data, the total offerings amounted to 1,48,214 packages (43,83,946 kg) comprising 62,627 packages of CTC leaf, 59,366 packages of orthodox, 3,489 packages of Darjeeling leaf and 22,732 packages of dust tea. CTC leaf again met strong demand and a total of 15,32,140 kg of different categories was sold at a higher average price of Rs 235.26 per kg as compared to last week. Around 23.72 per cent of the total demand was registered for CTC leaf at below Rs 150 per kg level while 45.73 per cent was marked above Rs 250 pe

Reading the tea leaves: Low production stirs chai industry's teapot

TROUBLE IN THE BREW: Scanty rainfall, pest attacks, low prices, and muted demand from some export markets

FSSAI notifies residue cap for five pesticides in tea plantation

The five pesticides are emamectin, benzoate, fenpyroximate, hexaconazole, propiconazole, and quinalphos

Tata Consumer, Hindustan Unilever in talks to buy tea major Girnar

Deal valuation pegged between Rs 1,000-1,500 crore

Centre seeks info from embassy on Iran's bar on rice, tea imports

'As of now, there has been no confirmation from the authorities and the response from the embassy in Tehran is also taking time'

Dhunseri Tea to acquire two estates from Apeejay Tea in Assam's Tinsukia

The acquisition would give Dhunseri a bigger pie in Assam's tea market

Warren Tea to exit plantations, plans expansion of IT and hotel businesses

Signs deal with Dhunseri group for the last four estates it currently owns

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

Tea Board may modify past order on blending, change to help tea firms, TCPL

Existing notification bars blending imported tea with GI-tagged Indian varieties; Sources said commerce ministry left it to the Board to take a reasoned call on modification

Endgame at McLeod Russel amid risk of losing control of last major asset

With two rival bids, the once powerful group that owns the world's largest tea producer is in danger of losing control of its last major asset

Amid takeover offer, McLeod Russel pins hopes on debt recast plan

CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be

Dabur makes an entry into Rs 5,600-crore premium tea market with Vedic tea

Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea

India's campaign for rupee trade finds fans from Russia to UAE

A greater use of the rupee in tea trade is an encouraging sign, but it's unlikely to boost the currency's status in a major way

Why a non-tea player like Carbon Resources is eyeing McLeod Russel

With a crop of 44 mkg across 31 estates in Assam and two in Dooars, McLeod is a Goliath in the world of tea. It has estates in Africa and Vietnam and its total output worldwide is 73 mkg