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Page 2 - Tea Industry

Sri Lankan economic crisis brings opportunity for Indian tea industry

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

Sri Lankan economic crisis brings opportunity for Indian tea industry
Updated On : 19 May 2022 | 8:55 AM IST

India's tea industry is on tenterhooks as Russia wages war on Ukraine

Russia accounts for 18 per cent of the industry's exports and the consequences of the conflict are making themselves felt already

India's tea industry is on tenterhooks as Russia wages war on Ukraine
Updated On : 05 Mar 2022 | 6:04 AM IST

McLeod Russel reports Rs 44 crore consolidated net loss in Dec quarter

It had reported a net profit of Rs 1.04 crore in the year-ago period

McLeod Russel reports Rs 44 crore consolidated net loss in Dec quarter
Updated On : 14 Feb 2022 | 8:49 PM IST

D2C tea brand Esah Tea raises Rs 3cr in pre-series A round from NEDFI

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.

D2C tea brand Esah Tea raises Rs 3cr in pre-series A round from NEDFI
Updated On : 20 Dec 2021 | 11:28 AM IST

Tea body urges for measures for equilibrium in demand and supply

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 .

Tea body urges for measures for equilibrium in demand and supply
Updated On : 21 Nov 2021 | 8:33 PM IST

Top headlines: SBI likes Tata Air India bid; markets sweat over Evergrande

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

Top headlines: SBI likes Tata Air India bid; markets sweat over Evergrande
Updated On : 21 Sep 2021 | 10:05 AM IST

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

McLeod's return from brink of IBC signals a brief respite for tea industry
Updated On : 21 Sep 2021 | 6:02 AM IST

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.

Sri Lanka's storm in a teacup may compel India to bring out its checkbook
Updated On : 15 Sep 2021 | 7:00 AM IST

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 companies may post better returns than 2019 despite drop in prices
Updated On : 09 Aug 2021 | 12:34 AM IST

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 faces crop loss for second year in a row on poor rainfall
Updated On : 20 May 2021 | 5:38 PM IST

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

Bottom line swells for tea firms on lower crop, higher at-home consumption
Updated On : 17 Nov 2020 | 10:39 PM IST

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
Updated On : 24 Sep 2020 | 11:50 PM IST

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

Tea Board orders closure of factories in Dec to curb poor tea production
Updated On : 18 Sep 2020 | 9:12 PM IST

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

Bulk tea industry sees rise in consumption, price despite Covid-19: Report
Updated On : 16 Sep 2020 | 8:48 PM IST

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

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown
Updated On : 15 Sep 2020 | 12:24 AM IST

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

Shortage of stock prompts HUL, Tata Consumer to boost tea procurement
Updated On : 21 Jun 2020 | 2:40 PM IST

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

Tea companies fear losing lucrative Chinese market over border conflict
Updated On : 30 May 2020 | 10:10 PM IST

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.

No tourists, dog show cancelled: How the Nilgiris is conquering Covid-19
Updated On : 03 May 2020 | 12:18 AM IST

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

After South India, tea auctions set to resume in Guwahati on April 23
Updated On : 22 Apr 2020 | 3:32 PM IST

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

Rising costs, political unrest, Covid-19: Triple whammy for tea industry
Updated On : 21 Apr 2020 | 11:31 PM IST