The Tea Board, in its notification, has kept the sanctity of GI intact and allowed blending only for teas not claiming the GI mark
Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea
Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg
"Our quick estimate indicates that the crop in June 2022 is lower by at least 20-25 per cent over June last year," said Sujit Patra, secretary, exports & market promotion, ITA.
Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report
Some of the major buyers have privately ruled out bidding for the company
Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates
Tea workers in Assam, while demanding a wage hike, said they are unable to refill their LPG cylinders as the cost has gone out of their reach
The report also said that as tea is a fixed cost-intensive industry, a decline in the crop will substantially increase the cost of production for the NI bulk tea industry
Tea estates in Assam and West Bengal, after closure for three weeks during lockdown, resumed operations from April, 12, 2020 with partial manpower utilisation
Exports under pressure as major buyers battle Covid-19
ITA secretary general Arijit Raha said steps are being taken to ensure that tea garden workers avail central welfare schemes
What happens if the US refuses to exempt Chabahar port from sanctions, said an exporter
Largest workers' union warns of serious consequence if 20% payout isn't made, even as tea firms ciote helplessness owing to dwindling profits
Tea producer are anxiously watching how Iran and India reacts with each other as even India can't risk losing its crucial oil trade partner
Tea producers from the two countries have joined hands to promote sustainable tea production and consumption
As they faced with lower price realisations from tea auctions & a nominal 3% increase in domestic tea consumption