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Tea producers of Asia targeting `untapped` African market to shore up exports: ATA Chairman Chairman of Asian Tea Alliance (ATA) Hemant Bangur has said that tea producers of Asia are now targeting the ‘untapped’ African market to shore up exports for which they plan to work out a strategy in this regard. ATA countries include India, Bangladesh, Indonesia, Nepal, and Sri Lanka. He said ‘Africa is a huge untapped and unpenetrated market. The existing export markets of Europe have become saturated. Asian tea producers consider Africa as a focussed market and we wil...
Tea producers of Asia targeting `untapped` African market to shore up exports: ATA Chairman
Tea producers of Asia targeting `untapped` African market to shore up exports: ATA Chairman
Source: Accord Fintech
2024-11-08 12:43:22 pm
India`s tea exports up over 23 pc in January-July period Tea exports from India saw a healthy 23.79 per cent growth (year-on-year) to reach 144.50 million kilograms in the January-July period this year.  According to the Tea Board of India, the country exported 116.73 million kg in the same period in the year 2023. The export of tea increased by 27.77 million kilograms this year compared to the same period last year. However, the single unit price during the first seven months of 2024 has remained at Rs 256.37 per kg. It was Rs 264.96 pe...
India`s tea exports up over 23 pc in January-July period
India`s tea exports up over 23 pc in January-July period
Source: Reuters
2024-10-09 05:28:18 pm
Sluggish consumption growth, high food inflation areas of concern for tea industry: Sanjay Shah Sanjay Shah, chairman of the Federation of All India Tea Traders Association (FAITTA), has said that sluggish growth in domestic consumption, rising food inflation and slow recovery of exports post the Covid pandemic are some of the challenges faced by the tea industry. He said tea producer associations and the Tea Board India have been concerned over the muted demand growth in the country. He said ‘As retailers within the FAITTA fold, we are witnessing the market movements from clos...
Sluggish consumption growth, high food inflation areas of concern for tea industry: Sanjay Shah
Sluggish consumption growth, high food inflation areas of concern for tea industry: Sanjay Shah
Source: Accord Fintech
2024-09-02 11:11:35 am
Budget: Leading tea body welcomes scheme for welfare of tea workers  The Tea Association of India (TAI), the largest tea industry body in India, on Tuesday welcomed the scheme “Pradhan Mantri Cha Shramik Protsahan Yojana'' (PMCSPY)”, announced in the Central budget 2024-25 devised for the welfare of tea workers especially women and their children in tea growing areas including Assam and West Bengal.   TAI Secretary General P.K. Bhattacharjee said that as proposed earlier in the Budget Speech of 2021-22, Rs 1,000 crores woul...
Budget: Leading tea body welcomes scheme for welfare of tea workers
Budget: Leading tea body welcomes scheme for welfare of tea workers
Source: IANS
2024-07-24 09:59:07 am
Commerce Ministry makes auction route must for dust tea in India The Union Ministry of Commerce and Industry has made it mandatory for dust grades of tea produced in India to be sold through public tea auctions. A gazette notification issued by the ministry last week also said that at least 50 per cent of other grades of tea – orthodox and the granular CTC (crush, tear and curl) – should reach the markets through the auction route. “Every registered tea manufacturer shall, on and from the date of commencement of the Tea (Marketing) ...
Commerce Ministry makes auction route must for dust tea in India
Commerce Ministry makes auction route must for dust tea in India
Source: IANS
2024-03-01 10:20:25 am
Crucial meeting of Tea Board on Monday on proposed changes in no-plucking cycle A crucial meeting of the Tea Board will be held on January 15 to decide on the proposals of no-plucking time in the tea gardens across India from this year. Sources aware of the development said that till 2023, following the rules set in the British era, the no-plucking season started from the last week of December and continued till the growth of new leaves at the end of the winter and arrival of spring. However, there had been a proposal to bring ahead the beginning of the non-pluckin...
Crucial meeting of Tea Board on Monday on proposed changes in no-plucking cycle
Crucial meeting of Tea Board on Monday on proposed changes in no-plucking cycle
Source: IANS
2024-01-14 09:35:23 am
Operating profit margin of North India-based bulk tea players likely to be impacted in FY24: ICRA Credit rating agency ICRA in its latest report has said that the operating profit margin (OPM) of North India (NI)-based bulk tea players is expected to be significantly impacted in FY2024 due to the double whammy of increase in cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand and a sluggish rural consumption. Thus, the rating agency has revised the sector outlook to Negative from Stable.  Accordin...
Operating profit margin of North India-based bulk tea players likely to be impacted in FY24: ICRA
Operating profit margin of North India-based bulk tea players likely to be impacted in FY24: ICRA
Source: Accord Fintech
2023-12-21 11:40:15 am
Assam tea worth Rs 2,300 crore sold at Guwahato Tea Auction Centre in FY23-24 Assam Tea worth Rs 2,300 crore has been sold at Guwahati Tea Auction Centre (GTAC) in the financial year 2023-24. Approximately 115 million kg of tea was sold at an average price of Rs 198.51 per kg, as per GTAC data. Guwahati Tea Auction Buyers Association (GTABA) Secretary Dinesh Bihani said that this year a unique tea called 'Golden Needle' was sold for Rs 61,000 per kg. "December has arrived, and this year's tea manufacturing season is almost over. An estimated 1...
Assam tea worth Rs 2,300 crore sold at Guwahato Tea Auction Centre in FY23-24
Assam tea worth Rs 2,300 crore sold at Guwahato Tea Auction Centre in FY23-24
Source: IANS
2023-12-18 03:30:53 pm
Tea to combat poppy cultivation in Manipur With Manipur grappling to combat the menace of widespread deforestation allegedly caused by large-scale poppy cultivation in the hills of the state, a private tea company has embarked on a path-breaking initiative to replace narcotics plantations with tea gardens.Manipur-based Meckley Tea India Company, a recent entrant into the tea industry, has invested in cultivating and promoting tea in Manipur and has identified several picturesque locations in the state, blessed with lush green tea gard...
Tea to combat poppy cultivation in Manipur
Tea to combat poppy cultivation in Manipur
Source: IANS
2023-10-12 10:40:53 am