Page 2 - Tea Prices

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

Tea stocks rally as prices surge amid supply disruption; should you buy?

Analysts remain cautious on tea-stocks as they believe the companies may witness lower growth in revenues due to loss in production.

Present price rise of tea an upward correction, says Tea Board chief

There was a huge oversupply of tea last year and this was corrected to a large extent when the Tea Board ordered non-plucking of tea in December, he said

Tea prices rise as floods, Covid-19 take a toll on production, inventory

According to All India Tea Traders Association and Gujarat Tea Traders Association, prices have shot up due to a fall in production and inventory levels, along with healthy demand for tea

Lockdown and uneven rainfall hits tea crop, prices firm up at auctions

The production in north India, comprising Assam and north Bengal, is down by 40 per cent from January to June as compared to the figures of 2019

For the first time ever, tea prices surge by 40-60% due to severe scarcity

Strong demand from buyers especially for quality teas supports uptick

Amid heavy production loss, rains to add to tea companies' woes

Tea estates in Assam and West Bengal, after closure for three weeks during lockdown, resumed operations from April, 12, 2020 with partial manpower utilisation

Tea companies increasingly opting for loan moratorium to improve cash flows

Usually, during May-July, tea companies need a higher cash flow to ready the bushes for the second flush. This harvest is the most important in Assam and the second-most important in West Bengal

Indian tea exports may decline by up to 8% over Covid-19 outbreak

Exports under pressure as major buyers battle Covid-19

Orthodox tea prices to firm up ahead of seasonal decline in Q4: ICRA

The drop happens because the quality of tea produced declines towards the end of the season subsequent to supply-demand situation

Tea prices shoot up at auctions after rains hit Assam, West Bengal

Estates in central Assam recorded between 4.50-6.50 inches of rainfall as against a normal rainfall of 1-1.50 inches in July.

Industry struggles to up tea prices at auctions as output plays spoilsport

Widespread availability of low-grade leaves adds to companies woes as auction prices dip in Kolkata and Guwahati

This is how the crackdown on 'bad tea' could improve tea prices in 2019

Sources among the brokers said that the consumption this year is also expected to improve primarily led by long chilly winters, the General Election and the Ardh Kumbh Mela

Tea Board plans minimum benchmark auction prices as growers stare at losses

Rising labour costs and muted auction prices have meant that some tea growers are not able to even cover their minimum production cost

Tea Board to insist on quality, curb malpractices to boost prices

Tea Board has started collecting samples from gardens and factories to monitor tea quality

Tea firms work out hedging mechanism

If the price is higher than the producer's listed price, the garden will have to pay the differential to the broker

Assam tea to see higher prices in 2018 auctions as production falls

Officials are of the view that a production shortfall in North India will result in a supply shortfall with regard to the current demand situation

Tea prices in India dip even as they rise in major tea producing nations

However, crop losses in Kenya are likely to sustain global price rise, which in turn could support Indian price trends going forward

Drought in Kenya to boost Indian tea prices

Kenyan CTC prices rose by 30% in January to $3.31 a kg