Page 5 - Tea Industry

McLeod's return from brink of IBC signals a brief respite for tea industry

In an industry in which more than half the production is accounted for by the small growers, analysts believe that big players may help bring production and pricing discipline

Sri Lanka's storm in a teacup may compel India to bring out its checkbook

Having just seen its $3 billion investment in Afghanistan go up in smoke, India's appetite for economic diplomacy may even be lower than usual.

Tea companies may post better returns than 2019 despite drop in prices

Last year, companies reported higher profits even on lower volumes due to a rally in tea prices. But the fall in prices seen from June may impact margins

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

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 firms see record prices boosting profits amid Covid-induced crop losses

Most companies returned to profits in the June quarter, and indications are that the current quarter, which is typically a good time for tea industry, will be even better

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

Bulk tea industry sees rise in consumption, price despite Covid-19: Report

Despite the Covid-19 pandemic that has created a demand-supply mismatch, the bulk tea industry has witnessed a sharp increase in both consumption as well as prices, according to a report

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

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 companies fear losing lucrative Chinese market over border conflict

Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there

No tourists, dog show cancelled: How the Nilgiris is conquering Covid-19

The effective cancellation of this year's tourist season is a crushing blow, not just to Ooty, but to all of the Nilgiris.

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

Rising costs, political unrest, Covid-19: Triple whammy for tea industry

The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the Covid-19 lockdown

Tea plantation companies bring focus back to quality to improve margins

Quality has been the major impediment for the plantation companies to keep pace with rising input costs vis-a-vis price realisations

Iran set to topple Russia as India's largest tea importer this year

Till September this year, Iran outpaced Russia and CIS both in terms of volume and value of tea shipments from India

Plan of Bengal, Assam govts to boost tea tourism finds few takers

Banks, on the other hand, are looking to extend lines of credit despite recent rating downgrades of major listed tea companies

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

Chhattisgarh promoting tea cultivation in northern belt

To start with, state govt has earmarked 5-acre private land for plantation at village Lalya in Mainpat; govt to give all assistance to farmer taking up cultivation

Tea industry turns a new leaf with AI to improve quality and flavour

AI, ML and data analytics-enabled system is used to count the fine leaf percentage of plucked leaves