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| Domestic |
| Volume rises at Coonoor tea auction |
| Coonoor, April 1 An analysis of the catalogues of the brokers reveals an increase in the offer for Sale No: 14 of the auctions of Coonoor Tea Trade Association (CTTA) to be held tomorrow and Friday.
In all, 7.09 lakh kg would be offered. This is some 28,000 kg more than last week’s offer.
But, the volume continues to be low compared to last year. This time last year, 9.08 lakh kg was offered for sale.
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| Source : Business Line Thursday, April 02, 2009 |
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| Tea prices may rise 10% this fiscal |
| Kolkata, April 1 Tea prices this fiscal are likely to remain firm, increasing 10-20 per cent over last year’s closing prices depending on the weather condition impacting production and the domestic demand, according to Mr Aditya Khaitan, Chairman, Indian Tea Association (ITA). As it is, the year has started with no carryover stocks.
Mr Khaitan expressed the view that the prices must remain firm for next few years as it was critical for long-term viability of tea industry. The unremunerative prices in past few years left industry with no surplus to plough back.
As a result, there was hardly any investment either to uproot old bushes or modernise the factories and take other necessary steps to increase production. Most garden-owners had to borrow to cover costs, the tea being a fixed cost industry. As a cumulative effect of all this, the production suffered. Now that the prices were showing an upward trend, the owners should be able to make some investments in their properties to boost production, he said, emphasising that this trend must continue.
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| Source : Business Line Thursday, April 02, 2009 |
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| N. India tea prices rise on lower harvest |
| Kolkata, March 31
The market has opened with the arrivals of the new season North Indian teas at auction and, there being strong enquiry, the auction prices are up by approximately by Rs 20-25 a kg, according to the leading tea auctioneer, J. Thomas & Company.
The start of the cropping season in North India has been badly hit by the drought both in Assam and Dooars (northern part of West Bengal) and the harvest till date is lower than last year. The production in South India also declined by two million kg in January and, it is estimated, would fall further in the next two months.
No wonder the South Indian prices too were up with market being significantly higher than the corresponding period of the previous year.
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| Source : Business Line Wednesday, April 01, 2009 |
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| Fall in production puts tea stocks on the boil |
| Chennai/Mumbai, March 31 Expectation of a rise in tea prices due to lower production and strong demand on Tuesday helped tea counters gain on the bourses.
Most tea stocks have surged between 4 per cent and 17 per cent in the last one week.
Jay Shree Tea and Industries shot up 19.41 per cent during this period, Dhunseri Tea and Industries rose 17.61 per cent, Tata Tea gained 9.74 per cent, Bengal Tea and Fabrics went up 6.67 per cent and Warren Tea moved up 8.38 per cent.
On Tuesday, Jay Shree Tea rose almost 20 per cent, Warren Tea gained 10.95 per cent, Dhunseri Tea went up 10.43 per cent, Bengal Tea gained 4.76 per cent and Tata Tea rose 0.42 per cent.
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| Source : Business Line Wednesday, April 01, 2009 |
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| Tea Board to increase exports, eyes newer markets |
| Bangalore March 29 Buoyed by the success of its promotional efforts in West Asia in recent years, the State-run Tea Board is now eyeing newer markets in South America and the Far East as part of its plans to enlarge the export basket.
“We are looking at unusual markets such as Chile in South America, Syria and the Far East to boost exports,” said Mr Basudeb Banerjee, Chairman of the State-run Tea Board.
Further, the Board was even looking at China as a market for the country’s high quality black teas, Mr Banerjee added.
The export basket for the Indian teas has changed over the past three to four years with West Asia emerging as a key export destination.
Of the 196 million kgs exported in calendar 2008, Russia the traditional largest buyer accounted for a fifth of the Indian exports at about 40 million kgs.
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| Source : Business Line Monday, Mar 30, 2009 |
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| Coonoor tea prices rise on good demand |
| Coonoor, March 29 Prices generally rose by Rs 2 a kg at Sale No 13 of the auctions of Coonoor Tea Trade Association (CTTA) on Friday as demand was firm to absorb the low offer of 6.81 lakh kg.
“Good (demand) was witnessed on all categories of CTC leaf. Brighter liquoring sorts fetched Rs 2 a kg more. Better medium and medium teas were dearer Rs 2-3. Orthodox leaf fetched Rs 1-3 more. Fannings sold dearer by Rs 3-5. High-priced CTC dust fetched Rs 5-10 more. Powdery sorts got Rs 2 more and plainers Re 1. Some primary orthodox dusts got Rs 5-10 more,” an auctioneer told Business Line.
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| Source : Business Line Monday, Mar 30, 2009 |
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| EC nod for GIs of Darjeeling tea soon |
| NEW DELHI: After waiting for one-and-a-half years, India
expects to get geographical indications (GIs) characteristics of a commodity
peculiar to a specific growing region of the famous Darjeeling tea registered with the European Commission in the next two months.
The Tea Board also hopes to wrap up registration of traders of the Darjeeling tea in the UK and Germany where it is already protected under GI norms by April 2009. GI identifies a product as originating from a region or locality in a territory where a given quality, fame and other characteristics of the product are essentially attributable to its geographical origin. “We have provided the online registration facility for traders both from the UK and Germany. By April, the process may be over,” Tea Board chairman Basudeb Banerjee said.
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| Source : The Economic Times 25 March 2009 |
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| Assam tea wilts under dry weather |
| Guwahati March 24, 2009 Tea production in India’s leading tea-producing state, Assam, has dipped in February and March due to the ongoing dry spell in the state, raising fears of an overall dip in production and a consequent price escalation later in the year.
Assam, which accounts for about 51 per cent of the total tea produced in the country, is facing a drought-like situation due to scanty rainfall since October 2008. Hence, tea production has fallen drastically by almost 75 per cent in February and March, said tea industry insiders.
Its production in March last year was around 20 million kg in the state. Official production figures for February and March this year are not yet out.
The dry spell has been so severe that the tea industry is now concentrating more on saving the bushes than production.
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| Source : Business Standard, Tuesday, Mar 24, 2009 |
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| Hittakkal Speciality tea fetches highest price |
| Coonoor, March 22 The third instalment of Hittakkal Speciality tea which had won the Golden Leaf Awards during the 2009 India International Tea Convention fetched the highest bid at Sale No: 12 of the Coonoor Tea Trade Association (CTTA) auctions on Friday.
“Our award-winning CTC leaf grade, BOPF, auctioned by Contemporary Tea Auctioneers P Ltd, was bought by Jay Kay Enterprises for Rs 150 a kg. This was the highest price fetched by any CTC tea of any bought-leaf factory this week,” Mr Rajesh Chander, Managing Partner of Hittakkal factory, told Business Line.
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| Source : Business Line Monday, Mar 23, 2009 |
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| S. India tea production seen 35% down in Q1 on drought |
| Kochi, March 18 South Indian tea output during the first three months of the current year is estimated to be substantially lower by around 35 per cent compared with the same period a year ago.
The reason attributed to the sharp fall is the severe drought conditions prevailing in the growing areas of three southern States. “Every tea growing region in Tamil Nadu, Kerala and Karnataka has been affected badly. The summer showers came only now after mid-March and its impact would be known only in April,” Mr Sanjith Nair, Assistant Secretary (Commodities) of the United Planters’ Association of Southern India, told Business Line.
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| Source : Business Line Thursday, Mar 19, 2009 |
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| Dry spell delays tea crop |
| Kolkata March 19, 2009 The new tea crop is delayed by about two weeks because of an unusual dry spell in the tea growing areas of Dooars in north Bengal and the northern bank of Upper Assam, indicating that the crop may actually be lower than the projections.
Since November, Dooars, Cachar and the northern bank of Upper Assam have had no rains, resulting in a near drought-like situation. The northern bank of Upper Assam was the only region to have received rains and the only first flush tea came from the region.
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| Source : Business Standard Thursday, Mar 19, 2009 |
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| Darjeeling tea industry hit by drought |
| March 19, 2009,Severe drought conditions have adversely affected Darjeeling's tea industry, which was earlier hit by an ongoing struggle for autonomy in the region.
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| Source : Business Standard Thursday, Mar 19, 2009 |
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| Coonoor tea earnings rise 37% |
| Coonoor, March 16 Producers who sold their teas through the nine auctions of the Coonoor Tea Trade Association in the first two months of 2009 have earned Rs 13.33 crore more than in the same months of 2008, reveals an analysis of Market Reports.
This happened because a larger volume was sold at a higher price.
In all, 7.09 million kg was sold in January and February against 6.81 million kg last year.
On an average, every kilo fetched Rs 17 more.
Consequently, the overall earnings rose to Rs 49.17 crore from Rs 35.84 crore.
This increase of Rs 13.33 crore marks a growth of 37.19 per cent.
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| Source : Business Daily from THE HINDU group of publications Tuesday, Mar 17, 2009 |
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| Hittakkal group CTC leaf fetches record price |
| Coonoor, March 15 The second instalment of speciality tea from Hittakkal group, which won the Golden Leaf Awards during the 2009 India International Tea Convention, created a new price-record at Sale No: 11 of the Coonoor Tea Trade Association (CTTA) auctions when the market opened after Holi holidays. |
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| Source : Business Daily from THE HINDU group of publications Monday, Mar 16, 2009 |
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| Tea industry hopes to fetch more money in new season |
| The tea industry hopes to start the new season on a good note with a price rise of at least Rs 25-30 a kg.
representative of the industry said, “We are hoping to close the season with average North India tea prices at Rs 85-90 a kg, and expect the new season to open at Rs 120-130 a kg.”
The new season teas are expected to arrive by the middle of March. Last year, the season closed at around Rs 75 for North Indian teas and opened at Rs 110 a kg. However, the expectations for the new season had factored in a normal shortfall of around 5 million kg, while this year the industry is expecting a shortfall of close to 30 million kg.
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| Source : Business Standard, Monday, Mar 02, 2009 |
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| Fewer orders at Coonoor tea auction |
| Coonoor, March 1 CTC teas lost Rs 2 kg, while orthodox leaf teas gained at the Coonoor Tea Trade Association (CTTA) auctions on Friday as the demand was inadequate to absorb the 49-week low offer of 8.64 lakh kg at levels expected by the producers.
Buyers said they had fewer orders on hand as their upcountry principals could source North Indian teas at cheaper levels.
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| Source : Business Line, Monday, Mar 02, 2009 |
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| CTC auctions in North see steady sales |
| Kolkata, March 1 In the CTC auctions in three North Indian auction centres last week, few teas maintaining quality sold readily around last levels, while those showing a decline in quality were lower, according to tea auctioneers. |
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| Source : Business Line, Monday, Mar 02, 2009 |
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| 49-week low offer at Coonoor tea auctions |
| Coonoor, Feb. 25 A volume of 8.64 lakh kg has been catalogued for Sale No: 9 at the Coonoor Tea Trade Association (CTTA) auctions to be held on Thursday and Friday. This is the lowest volume in the past 49 weeks. |
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| Source : Business Line, Thursday, Feb 26, 2009 |
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| Small tea growers win Golden Leaf awards |
| Kochi, Feb. 23 Competing with corporate giants in the South Indian tea industry, a bought leaf tea factory has won, for the first time, five awards at the fifth edition of the Golden Leaf India: STC awards held on the sidelines of the India International Tea Convention (IITC) 2009 here last Saturday. |
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| Source : Business Line, Tuesday, Feb 24, 2009 |
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| Indian tea promotion centre in Cairo to function from April |
| Kochi, Feb. 22 The re-establishment of the Indian Tea Promotion Centre in the Egyptian capital has become a reality, after nearly two decades, with the signing of an agreement to this effect by Dr Samy, Chairman and Managing Director, Misr Import and Export Company, Cairo, and Mr D.P. Maheswari, President, Upasi, in the presence of the Tea Board Chairman here on Saturday. |
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| Source : Business Line, Monday, Feb 23, 2009 |
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| Talks spark hope for closed tea gardens |
| Calcutta, Feb. 18: The Centre is hopeful of reopening two to three tea gardens in Bengal over the next four months. Additional commerce secretary P. K. Chaudhary — who held a meeting with the Tea Board, owners and representatives of the closed tea gardens, bankers, prospective buyers and senior state government officials today — said the outcome of the discussion was positive. |
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| Source : The Telegraph February 19 , 2009 |
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| Meet today to revive closed tea gardens |
| Calcutta. Feb. 17: The Tea Board will meet the owners and representatives of closed tea gardens tomorrow to review the progress in the reopening of 12 gardens in Bengal. |
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| Source : Telegraph Dated: 18.2.2009. |
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| Tea industry seeks incentives to tide over downturn |
| Guwahati, 15, February. With the global economic downturn affecting the tea industry as seen in the decreasing volume of exports, the industry has sought a host of concessions and relaxations from the Assam government. |
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| Source : Business Standard Dated : 16.2.09. |
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| Tea-ing off An organic tea revolution is brewing in the hills of Darjeeling |
| Production of organic tea is fast catching up in the hills of Darjeeling. With the Western world, among the biggest consumers of Darjeeling tea, becoming increasingly health-conscious, Darjeeling tea producers are gradually shifting to organic tea |
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| Source : Economic Times Date 16.2.09. |
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| Tea-ing off An organic tea revolution is brewing in the hills of Darjeeling |
| Production of organic tea is fast catching up in the hills of Darjeeling. With the Western world, among the biggest consumers of Darjeeling tea, becoming increasingly health-conscious, Darjeeling tea producers are gradually shifting to organic tea |
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| Source : Economic Times Date 16.2.09. |
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| Dooars troubles may hit first flush tea |
| The ongoing political upheaval in Dooars ay soon hit the high quality and highly valued first flush tea trade there. Dooars contributes over 15% to the all India tea production. |
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| Source : Economic Times Date : 11.2.09 |
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