Page 3 - Tea Production

Champagne of teas loses fizz amid scanty rainfall, last year's lockdown

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea

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 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

Tea industry struggles amid rains, lockdown, and buyers turning to Kenya

Heavy rains and the absence of tea pickers because of lockdowns have hammered production and sent local prices spiraling to records

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

Tea production may fall 13% this fiscal due to labour shortages: Report

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

Facing shortage of funds, Tea Board urges industry to stand on its feet

Indian tea growers should focus more on orthodox tea manufacturing which has a good export market

Amid heavy production loss, rains to add to tea companies' woes

Tea estates in Assam and West Bengal, after closure for three weeks during lockdown, resumed operations from April, 12, 2020 with partial manpower utilisation

Tea companies increasingly opting for loan moratorium to improve cash flows

Usually, during May-July, tea companies need a higher cash flow to ready the bushes for the second flush. This harvest is the most important in Assam and the second-most important in West Bengal

Covid-19: Tea firms fret about liquidity even as Centre allows production

While there has been practically no income due to lockdown, fixed costs such as wages and loan servicing have been mounting

Tea companies may lose Rs 2000 cr this year due to coronavirus outbreak

All of the 1422 registered tea estates and more than 250,000 micro-small planters have stopped production citing safety precautions for workers, unavailability of transport

India's tea exports up 2% by value on whole-leaf shipments to Iran

Exports of whole-leaf tea to Iran increased by around 74 per cent at 53.45 mkg while in Germany, it stagnated at 10 mkg

Tea production will rise only when workers' quality of life betters: ITA

ITA secretary general Arijit Raha said steps are being taken to ensure that tea garden workers avail central welfare schemes

Tea companies moot for palm oil production in tea estates, approach ITA

"We have asked the Tea Board to see if we can grow palm in our estates and manufacture palm oil. We need a big area for this", Vivek Goenka, chairman of the ITA, said

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

Tea production falls 6.7% in July, exports up 65% to Rs 26 bn in 7 months

Exports to neighbouring Pakistan, China and Iran went up significantly while the shipments to Germany and CIS countries were down

Producers, brokers disagree on tea sale via auction only

Brokers favour all the produce to be routed through open auction channels