Tea Board Of India
Tea exports rise 14.8% to 140.28 mn kgs in Jan-Aug period this year: Data
Exports of tea from India increased by 14.8 per cent to 140.28 million kilograms in the first eight months of the 2022 calendar year, according to Tea Board data. Tea shipments during the January-August period in 2021 stood at 122.18 million kilograms (mkgs). The CIS countries, including Russia, Ukraine and Kazakhstan, remained the largest importer of Indian tea with 30.56 mkgs in the first eight months of 2022, marginally higher than 29.13 mkgs shipped out to these nations in the year-ago period, the data said. Sources in the industry said that tea exports did not pick up substantially due to shipping and container costs which skyrocketed due to the war between Russia and Ukraine. After the CIS countries, UAE was the second largest importer at 23.84 mkgs, a rise of 157 per cent from 9.27 mkgs in the similar period in 2021. Owing to economic sanctions imposed by the US on Iran, tea shipments to the west Asian country also failed to increase in the first eight months of 2022. Expo
 "Tea exports rise 14.8% to 140.28 mn kgs in Jan-Aug period this year: Data")
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'
 "Tea Board seeks Rs 1,000 crore support for industry for five years")
Tea Board may modify past order on blending, change to help tea firms, TCPL
Existing notification bars blending imported tea with GI-tagged Indian varieties; Sources said commerce ministry left it to the Board to take a reasoned call on modification
Endgame at McLeod Russel amid risk of losing control of last major asset
With two rival bids, the once powerful group that owns the world's largest tea producer is in danger of losing control of its last major asset
 "Endgame at McLeod Russel amid risk of losing control of last major asset")
Nepal brews a fresh crisis for Darjeeling tea with cheaper leaves
A notification banning blends of imported tea in GI-tagged teas has almost pushed Tata Consumer Products, the biggest buyer, out of the market
 "Nepal brews a fresh crisis for Darjeeling tea with cheaper leaves")
Tea producers reinvent business, adapt online blend for consumer connect
Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg
 "Tea producers reinvent business, adapt online blend for consumer connect")
Tea Board targets 300 mn kg of tea exports by 2025, says Chairman
On exports, Indian tea will aggressively compete with Kenya and Sri Lanka, and also explore markets that have not been aggressively targeted so far
 "Tea Board targets 300 mn kg of tea exports by 2025, says Chairman")
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 firms see record prices boosting profits amid Covid-induced crop losses")
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
Facing shortage of funds, Tea Board urges industry to stand on its feet
Indian tea growers should focus more on orthodox tea manufacturing which has a good export market
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
 "For the first time ever, tea prices surge by 40-60% due to severe scarcity")
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
North India to see fresh tea sales post lockdown, first auction on May 3
Brokers are of the view that opening prices of the season's fresh teas will be higher by Rs 30-50 a kg
Indian tea exports may decline by up to 8% over Covid-19 outbreak
Exports under pressure as major buyers battle Covid-19
 "Indian tea exports may decline by up to 8% over Covid-19 outbreak")
Tea Board leans on domestic market as export prospects dim over Coronavirus
Campaign to showcase Assam variety starts in Odisha, will be taken to other states soon
 "Tea Board leans on domestic market as export prospects dim over Coronavirus")
Coronavirus outbreak to throw Indian tea exports out of gear this year
Tea Board of India has called an urgent exporters' meet this week to discuss means of staving off expected fall in exports due to coronavirus outbreak
 "Coronavirus outbreak to throw Indian tea exports out of gear this year")
Govt mulls revival package for tea companies, may include one-time grant
Besides, a relaxation of 1-1.5 years can also be given to the plantation companies to enforce the Labour Code once passed by the Parliament
 "Govt mulls revival package for tea companies, may include one-time grant")
Tea Board Chairman calls for disengaging body from auctioning system
He said that the Tea Board's role should only be restricted to issuing licences for opening up the auction centres after duly checking their financial capabilities
US airstrike on Iran may impact business of Indian tea planters, exporters
What happens if the US refuses to exempt Chabahar port from sanctions, said an exporter
 "US airstrike on Iran may impact business of Indian tea planters, exporters")
