Tea Prices

Tea firms served much-needed profit boost as climate change bites

Some in the industry warn companies will end financial year with marginal profit

Tea prices climb as weather impacts bulk costs; further hikes expected

The heavy cropping months for tea are June to September. However, the industry has not been able to offset initial losses

Higher wage costs, lower price realisation add to tea companies' woes

Both West Bengal and Assam hiked wage rates from June and October 2023, respectively

Rising input costs, lower price realisation in 2023 trouble tea industry

The year witnessed the tea industry facing an uncertain future, plagued by rising input costs and lower price realisation at auctions, making operations unviable. The apex body of the planters, the Indian Tea Association (ITA), has estimated that while tea prices increased at a compounded annual growth rate (CAGR) of 4 per cent over the past decade, input costs of coal and gas have simultaneously risen at a rate of 9-15 per cent. Secretary general of ITA Arijit Raha said price realisation trends declined alarmingly in 2023 compared to 2022. "While inputs costs have risen, tea prices have not increased in a proportionate manner. This shows that the industry is passing through a crisis," Raha said. ITA said the emergence of small tea growers (STGs) resulted in an exponential rise in production. With internal consumption almost stagnant and the exports scenario depressed, surplus tea has remained in the system. According to Tea Board data, exports of the beverage during January to ..

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

Sluggish demand in international markets impacts orthodox tea exports

Higher output adds to industry's woes; Major buyer Iran is not operating at the level it normally does

Mixed trend in demand for different categories of tea during Sale-22: CTTA

Mixed trend in demand for different categories of tea was observed during Sale-22, a Calcutta Tea Traders' Association (CTTA) official said here on Friday. The demand for CTC leaf and Darjeeling tea increased while Orthodox leaf and Dust tea marked a weaker trend, he said. The total demand reduced by 3.05 per cent along with reduced offered quantity during the auction as compared to last week, the official said. The auction (Sale-22) was held on May 30 and 31. According to CTTA data, the total offerings amounted to 98,644 packages (28,32,493 kg) comprising 36,056 packages of CTC leaf, 45,103 packages of orthodox, 4,441 packages of Darjeeling leaf and 13,044 packages of dust tea. CTC leaf met good demand and a total of 8,03,325 kg of different categories was sold at an average price of Rs 198.97 per kg. Around 37.92 per cent of the total demand was witnessed for CTC leaf at below Rs 150 per kg level while 26.18 per cent was marked above Rs 250 per kg. Western India operated on 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 tea industry is on tenterhooks as Russia wages war on Ukraine

Russia accounts for 18 per cent of the industry's exports and the consequences of the conflict are making themselves felt already

Indian Tea Association to present proposal for minimum floor price to govt

Trade body's members account for 400 million kg of tea production, 50 million kg by way of direct exports. The industry's total output was 1,258 million kg in 2020

McLeod Russel records 19.3% drop in net profit to Rs 122.62 crore

Revenues from operations stood at Rs 493.86 crore in the quarter compared to Rs 498.97 crore in the same period last year

Tea industry faces crop loss for second year in a row on poor rainfall

Industry says crop loss is irreversible as first flush is gone, second is partially impacted

High tea prices could impact near term margins of Tata Consumer Products

Price hikes, distribution rejig and higher in home consumption to offset some of the pressures

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

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

Tea stocks rally as prices surge amid supply disruption; should you buy?

Analysts remain cautious on tea-stocks as they believe the companies may witness lower growth in revenues due to loss in production.

Present price rise of tea an upward correction, says Tea Board chief

There was a huge oversupply of tea last year and this was corrected to a large extent when the Tea Board ordered non-plucking of tea in December, he said

Tea prices rise as floods, Covid-19 take a toll on production, inventory

According to All India Tea Traders Association and Gujarat Tea Traders Association, prices have shot up due to a fall in production and inventory levels, along with healthy demand for tea

Lockdown and uneven rainfall hits tea crop, prices firm up at auctions

The production in north India, comprising Assam and north Bengal, is down by 40 per cent from January to June as compared to the figures of 2019

For the first time ever, tea prices surge by 40-60% due to severe scarcity

Strong demand from buyers especially for quality teas supports uptick