You are here: Home » Companies » News
Unichem, Lupin recall high blood pressure drugs from US over quality issues
With Jio stake sale, RIL struck more sale deals in Q1 than in last 11 years
Business Standard

Shortage of stock prompts HUL, Tata Consumer to boost tea procurement

A TCPL spokesperson said that the lockdown had impacted the supply of tea to some extent and it was buying from multiple channels, including directly from plantation companies

Topics
Tea industry | tea auction | HUL

Avishek Rakshit  |  Kolkata 



tea, beverage, cutlery
Kandal said that although retailers lost some sales to tea stalls owing to the lockdown, consumption at home had increased as people stayed indoors.

Faced with a severe shortage in stocks, tea retailers like Hindustan Unilever (HUL) and Tata Consumer Products Ltd (TCPL) are aggressively increasing their sourcing of tea to meet the demand in the market. The move, in turn, has pushed up procurement prices at an all-time high.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, June 21 2020. 14:27 IST

RECOMMENDED FOR YOU

.