Page 3 - Indian Tea Industry

How to brew stronger exports? Tea board and tea producers differ

Anshuman Kanoria, chairman, Indian Tea Exporters Association (ITEA), says that India would be fortunate to touch 200 million kg exports this year

Significant rise in demand for all categories of tea in Sale 24

A significant rise in demand for all categories of tea was in evidence during Sale-24, a Calcutta Tea Traders' Association (CTTA) official said here on Friday. Despite reduced offerings Darjeeling tea improved its demand during this auction, he said. The total demand increased by 17.8 per cent along with increased total offered quantity during the auction as compared to last week, the official added. The auction (Sale-24) was held on June 13,14 and 15. According to CTTA data, the total offerings amounted to 1,48,214 packages (43,83,946 kg) comprising 62,627 packages of CTC leaf, 59,366 packages of orthodox, 3,489 packages of Darjeeling leaf and 22,732 packages of dust tea. CTC leaf again met strong demand and a total of 15,32,140 kg of different categories was sold at a higher average price of Rs 235.26 per kg as compared to last week. Around 23.72 per cent of the total demand was registered for CTC leaf at below Rs 150 per kg level while 45.73 per cent was marked above Rs 250 pe

Need more Indian brands selling local tea globally: VAHDAM CEO Bala Sarda

Citing how foreign brands are making the most of the opportunity from selling tea grown in India, VAHDAM CEO Bala Sarda on the occasion of International Tea Day said it is about time India moves beyond supplying and starts selling its world-class tea under more homegrown labels. Sarda, whose homegrown tea company is making waves internationally with the who's who of Hollywood -- including the likes of Oprah Winfrey, Ellen Degeneres and Mariah Carey -- endorsing the brand's exotic tea blends, said it is sad that there are more "European brands selling Darjeeling tea and American brands selling Chai" to the world than Indian brands. "I think we as consumers have always trusted origin products. For example, wine from France and whiskey from Scotland. But for some reason, European brands are selling more Darjeeling tea, and American brands are selling more Chai than any Indian brand was even doing remotely. "For India to be recognised as a country, which is trusted, which is a superpow

Indian Tea Association makes fresh appeal for floor price for tea

The industry had proposed to Ministry of Commerce for declaration of a floor price for green leaf (payable to small tea growers) and made tea (payable to tea producers) indexed to cost of production

Climate change threatening tea sector globally: Indian Tea Association

Leading planters body Indian Tea Association (ITA) said climate change is threatening the industry globally which is resulting in lower yields and rise in production costs. A spokesman of ITA said climate change is also threatening the long-term viability of tea industry, which is also causing increasing pest infestations making pesticide residue management surfacing as a major challenge. To mitigate this, ITA said that the industry needs to adopt a multi-faceted to address the climate change issue by way of sustainable farming practices and reduction in carbon footprint. In this context, the association maintained the industry involving all the stakeholders to invest in research to come out with mitigating solutions. There has also been a decline in rainfall and increase in temperature in the tea cultivating regions for the last several years, ITA said. According to the association, future projections indicate a substantial reduction in suitability in tea cultivation in areas whe

Taking several steps to create global brand for Indian tea: Comm Min

India has taken several steps to boost tea output, create a niche brand for the Indian tea and ensure the welfare of families associated with this industry, the commerce ministry said on Thursday. India is the second largest tea producer and the largest black tea producer and is self-sufficient in meeting domestic requirements and export obligations. It said the Indian tea is exported to various destinations and is the fourth largest tea exporter besides catering to a large number of domestic consumers. The industry is employing 1.16 million workers directly and an equal number are associated with it indirectly. "Government through the Tea Board had helped in the formation of 352 Self Help Groups , 440 Farmer Producer Organisations and 17 Farmer Producer Companies. Assistance has been provided towards procurement of pruning machines and mechanical harvesters," it said. Other measures include setting up of mini tea factories to encourage entrepreneurs; development of mobile app 'Ch

India-US have a long association with tea, says Indian Ambassador

India and the United States have a long association with tea and the two democracies cherish their common love for the aromatic beverage, India's Ambassador to the US Taranjit Singh Sandhu has said. Speaking at an event dedicated to tea lovers organised at the Indian Embassy here on Tuesday, Sandhu spoke about the significance of tea for Indians and also about its linkage to the American Revolution. "India and the US have a long association with tea. After all, the Boston Tea Party, which sparked the American Revolution, was organised to protest colonial taxes on tea! Tea is also intricately linked to East India company, and our own freedom struggle, Sandhu said. To usher in the winter season, the Indian Embassy in association with Janam Tea, during the event presented an informative conversation about the exciting flavours and styles of Indian tea. The conversation was led by Amy Dubin-Nath of Janam Tea, which specialises in single-estate teas from India. "Today, we cherish our .

Warren Tea to exit plantations, plans expansion of IT and hotel businesses

Signs deal with Dhunseri group for the last four estates it currently owns

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

Tea Board seeks Rs 1,000 crore support for industry for five years

'Tea price trajectory of the last decade reflects a prolonged phase of stagnation in price growth which consequently pushed a large segment of the industry into crisis'

Dabur makes an entry into Rs 5,600-crore premium tea market with Vedic tea

Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea

Interim wage hike likely to hit margins of West Bengal tea estates: Icra

The impact would be lower for producers of quality tea, given the price premium they enjoy over the average market realisations, Icra said in a report.

Major tea firms stare at crop loss due to Assam floods, pest attack

"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.

Indian orthodox tea gets a boost as crisis impacts Sri Lankan trade

India - which has just stepped into the quality period for orthodox - is reaping the benefits of the anticipated shortfall

Covid pandemic, Russia-Ukraine conflict impacting export: Tea industry body

A body of tea planters on Saturday said exports of the commodity will be adversely impacted due to the Russia-Ukraine conflict. The shipment of Indian tea has already been hit by the COVID-19 pandemic, and the geopolitical situation after Russia's invasion of Ukraine would aggravate it further, Tea Association of India (TAI) president Ajay Jalan said. The payment issue with Iran, one of the largest importers of Indian tea, is also another challenge for tea exporters, he said. Addressing the 35th biennial general meeting of TAI, Assam Branch, Jalan said, "I stand before you at a critical juncture when the world is witnessing a major war in Europe wherein the Western countries have swiftly introduced draconian economic measures." The volume of India's tea export to countries in the Commonwealth of Independent States (CIS), including Russia, is 58-65 million kgs, he said, adding that "the war is bound to affect trade in this region". Coupled with the fact that India has an ongoing .

Tea industry faces crop loss for second year in a row on poor rainfall

Industry says crop loss is irreversible as first flush is gone, second is partially impacted

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

After South India, tea auctions set to resume in Guwahati on April 23

Two other important centres in Kolkata and Siliguri are yet to decide on a date

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

Factory workers cope with contagion risk and poor demand

According to Rahul Mehta, president of the Clothing Manufacturers Association of India (CMAI), the business has been impacted drastically