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MOMBASA AUCTION
Concerns rise among small tea growers in North East India over increased tea importsNECSTGA raises concerns over the Tea Board's directive to stop tea production in North India, linking it to increased tea imports from Nepa...- As domestic tea prices surge, companies consider imports for first timeIndia has been importing teas only for re-export and that too at a small volume of 9-10 million kg annually.
- Despite tensions, tea exports to Pakistan may rise in 2019Industry executives said that since Kenya’s tea crop had declined owing to a severe drought, prices shot up 15-20% at the Mombasa auction.
- Drought in Kenya may be a big boon for Indian teaThe dry spell is expected to continue for the rest of the month in most regions.
- Rising Kenyan output may end India’s tea partyWhen bulk exports pick up for second flush teas, the realisation will automatically move up
- We are ahead by around 2.3 mn kgs in production: Kamal Baheti, McLeod Russel"The first quarter does not reflect the current season prices or current year’s production being sold, it reflects mainly the old season wh...
- Wagh Bakri to purchase ten tea gardens in AssamInto tea blending and packaging, it dominates the Gujarat packet tea market with a share of 65 per cent and also operates in other markets.
- Kenya’s tea output shortfall to be added advantage for Indian marketKenya continues to reel under a dry spell. Kenya produced 24.3 tonne of tea in February, nearly 28% less than it did a year earlier.
- Assam has potential to produce purple tea: ExpertAssam can emerge as the only place in the world after Kenya to become a producer of health-rich purple tea, a senior scientist and tea expe...
- Foreign tea buyers may bargain hard on prices this yearWeak rupee has already put Indian tea exporters in an advantageous position and the buyers may use this as a point for hard bargaining.
- South Indian tea exports to pick upAfter a dull first half, the south Indian tea exports are bound to pick up in the coming months, according to The United Planteers' Associa...
- Tea output set to fall by 120 m kg this yearThe Indian tea industry is heading towards a shortfall of 120 million kg this year due to lower domestic production.
- Tea prices jump 29% on global cuesTea prices in India, the world's second-largest producer of the beverage, have jumped as much as 29% tracking global cues.
- Expect tea prices to go up 5-10%: Aditya Khaitan, McLeod RusselAditya Khaitan, MD, McLeod Russel, talks about the company's expected production and performance.
- Tea industry facing a record supply shortage: MD, McLeod RusselIn the backdrop of tea prices falling steadily over sluggish demand, ET Now talks to Aditya Khaitan, MD, McLeod Russel to get an idea of wh...
- African buyouts may yield profit for tea cosThe African tea estate acquisitions by Indian tea companies such as McLeod Russel India (MRIL) and Jay Shree Tea & Industries (JTIL) are li...
- Outcry goes out of fashion as tea auction goes onlineThe Tea Board on Wednesday kicked off e-auction, paving the way for putting an end to the age-old ‘outcry system’ in tea auction which star...
- Exports dip on poor Pakistan, Iraq demandIndian tea export is yet to pick up momentum in the absence of strong buying from Iraq and Pakistan.
- E-auction for tea to become a realityA new foolproof E-auction system for tea auction centres is expected to be in place by next September across India, a top Tea Board executi...
- E-auction for tea to become a reality by next SeptemberA new foolproof E-auction system for tea auction centres is expected to be in place by next September across India, a top Tea Board executi...
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