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

tea, beverage, cutlery
Premium

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

Avishek Rakshit Kolkata
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.

Sources in Guwahati Tea Auction Buyers’ Association (GTABA) said that from sale numbers 14-25, which took place just after the lockdown, HUL bought 25 per cent of 12.66 million kg (mkg) total tea sold, while TCPL accounted for 5 per cent. In the Siliguri auctions, where 10.99 mkg of tea was sold, HUL bought 15

What you get on BS Premium?

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

Need More Information - write to us at assist@bsmail.in