Page 3 - Tea Industry
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
 "Tea plantation companies bring focus back to quality to improve margins")
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
 "Iran set to topple Russia as India's largest tea importer this year")
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
 "Plan of Bengal, Assam govts to boost tea tourism finds few takers")
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
 "Tea consumption growth slowed in 2018 on quality concerns, fewer choices")
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
 "Chhattisgarh promoting tea cultivation in northern belt")
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
 "Tea industry turns a new leaf with AI to improve quality and flavour")
Tea industry proposes new marketing effort
Plans to restart exports from Dooars after 27 years
 "Tea industry proposes new marketing effort")
Heavy rain helps Assam tea industry clear stock, but production to decline
In 2016, the Indian tea industry registered a bumper crop at 1,233 million kg
 "Heavy rain helps Assam tea industry clear stock, but production to decline")
Heavy rain helps Assam tea industry clear stocks, but production to decline
Even as the Assam tea plantations face a production drop facing excessive rains, the situation may prove to be a boon for the tea industry, as it will help sell off a 24 million kg (mkg) carryover stock with stable prices. Had there not been any carry over stock, prices could have jumped.Industry officials, although complaining about a production fall, which can potentially impact the prices, said that the situation will help balance the tea availability at the auctions and thus will help in fetching expected prices in the near term.In case production had been normal at 30 mkg in March this year, it would have severely impacted the forthcoming auction sales realisations as this produce would have gone under the hammer alongwith the carryover stock which could have dampened prices.The auction prices of the CTC (crush, tear, curl) tea variant opened at expected levels in January this year at Rs. 142.07 in Kolkata and Rs. 123.86 at Guwahati for a kilo but thereafter declined to Rs. ...
 "Heavy rain helps Assam tea industry clear stocks, but production to decline")
Sustainability certified India tea estates violate worker rights: Report
The report focused on the Nilgiris district in Tamil Nadu, with approximately 200,000 tea plantation workers
 "Sustainability certified India tea estates violate worker rights: Report")
Less production pushes tea prices up
While pan-India e-auction of tea has brought in more buyers into the system, fall in production has pushed prices by 8%
 "Less production pushes tea prices up")
India records highest-ever tea production in FY16
Tea production rose by 3% in 2015-16, up from 36 million kilos in the preceding year
 "India records highest-ever tea production in FY16")
Indian firms may help Iran modernise its tea industry
This development may open a lucrative opportunity for the large Indian tea producers
 "Indian firms may help Iran modernise its tea industry")
Climate change makes the going tough for Assam tea sector
Crop loss due to extreme weather conditions has become a normal feature
