Page 2 - Tea Markets

Major tea firms stare at crop loss due to Assam floods, pest attack

"Our quick estimate indicates that the crop in June 2022 is lower by at least 20-25 per cent over June last year," said Sujit Patra, secretary, exports & market promotion, ITA.

Promote lassi, sattu to curb tea import costs in Pakistan: Education board

A top educational body in Pakistan has proposed a novel idea to boost employment and reduce the expenditure on tea imports: promote the consumption of local drinks such as lassi and sattu.

Startup TeaMonk raises about Rs 4 cr from investors to expand business

The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement

Major tea companies clock lower profits as prices fall, costs rise

A report by Icra said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year

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

Unilever is said to kick off sale of large part of $5.6-bn tea business

The UK-listed consumer group has reached out to potential suitors and is expecting first-round bids in September, the people said, asking not to be identified discussing confidential information

Champagne of teas loses fizz amid scanty rainfall, last year's lockdown

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea

Unilever to retain tea business in India, Indonesia after portfolio review

In January, Unilever had announced a strategic review of the global tea business, which includes leading brands such as Lipton, Brooke Bond and PG Tips

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

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

Coronavirus lockdown: Tea farmers in Bihar's Kishanganj incur huge losses

Farmers said that the lockdown was imposed at a time when the tea leaves were supposed to be harvested

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

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

Covid-19: Tea firms fret about liquidity even as Centre allows production

While there has been practically no income due to lockdown, fixed costs such as wages and loan servicing have been mounting

Tea companies may lose Rs 2000 cr this year due to coronavirus outbreak

All of the 1422 registered tea estates and more than 250,000 micro-small planters have stopped production citing safety precautions for workers, unavailability of transport

With an eye on Indians in UK, Tata Tetley launches ethnic range of tea bags

Tetley is among the world's largest tea companies, going back over 180 years, and had been acquired by the Tata Group nearly 10 years ago.

Tata Global Beverages profit before tax at Rs 192 cr in Q2, net down 17%

The Tata group company said its revenue from operations was driven by improvement in branded and non-branded business both in India and globally

Tea Board mulls using blockchain to free Indian tea from adulteration

Plans are to trace the movement tea across the supply chain, from plantation to sale

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

Trustea gathers momentum, plans to expand into retail tea certification

Currently, its operations are limited to the bulk tea level, the stage when packeteers and blenders buy either directly from the planter or at auctions