The tea traders of North Bengal said that the present condition in Sri Lanka, which has been unable to export its tea, can create opportunities for the new market in India
Russia accounts for 18 per cent of the industry's exports and the consequences of the conflict are making themselves felt already
It had reported a net profit of Rs 1.04 crore in the year-ago period
Esah is the first tea start-up from Assam to raise VC funding. The brand has earlier raised angel investment from SRD Group and Grant From Assam Startup & NEAT-E-Hub.
The Tea Association of India (TAI) on Sunday said supply outstripping demand is a major cause for the problems facing the tea industry in the country. It also spelt out various measures to correct the situation, including the need to increase domestic consumption of the beverage. In a submission before Union Industry and Commerce Minister Piyush Goyal here, TAI president Ajay Jalan said supply outstrips the demand and it is one of the root cause of the problem. "We have to regulate supply and create demand for tea," he added. Advocating for promotion of tea consumption, he pointed that per capita consumption of tea in India is as low as 830 grams per head/year as compared to 1.61 kg per head in the UK or 1.01 kg per head per year in Pakistan. "An increase of even by 100 gram per capita consumption would lead to consumption of another 131 million kg annually," Jalan added. He said there is a need to promote tea as a super food/beverage highlighting the immense health benefits of .
McLeod Russel India, the country's largest tea producer, bubbles out of insolvency. Metal stocks crash over fears about China's Evergrande. More in top headlines of the day
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
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.
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
Industry says crop loss is irreversible as first flush is gone, second is partially impacted
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
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
The order will be mandatory for all the gardens in Darjeeling, Sikkim, Assam, Dooars and Terai regions of north Bengal, Tea Board sources said
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
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
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
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
The effective cancellation of this year's tourist season is a crushing blow, not just to Ooty, but to all of the Nilgiris.
Two other important centres in Kolkata and Siliguri are yet to decide on a date
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