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Financial crisis in tea sector deepens; companies put up estates for sale
The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies
McLeod sells first tranche of Assam tea estates to M K Shah Exports
Trims India production portfolio by 16%
Tea plantation firms brew own brands to capture retail segment
This year marked the entry of the world's largest tea producer, McLeod Russel, into the packet tea business
Sluggish Assam tea prices dampen trade
Even as the average price of Indian tea from the first flush rose in the export market by 3%
