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BULK TEA COMPANY
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- Possibility of sharp rise in wages threatens prospects of tea companies in Assam: ICRAAs per the notification issued by the Assam govt on Feb 23, it notified an interim enhancement of wages for tea plantation workers by Rs. 5...
- Bulk tea industry registers sharp rise in consumption, price despite COVID-19 pandemic: Report"As per our estimates, domestic production in CY2020 is expected to be lower by 12 per cent on a year-on-year (basis), assuming that no fur...
- Tea companies to remain under pressure in FY20: ICRAIn the first eight months of FY2020, tea auction prices in North India (Assam and West Bengal) remained flat.
- Upward price graph may just save the day for tea firmsPrices at NI auctions, after initially witnessing a firm trend, dipped marginally during the months of September and October 2018.
- Bulk tea growers likely to witness sizeable adverse impact on operating costTea is a fixed cost-intensive industry, with labour costs accounting for around 60% of the total cost of production.
- McLeod Russel plans share buyback, to hive-off some tea estatesThe company produces 67 million kg of tea.
- Kenya and Sri Lanka witness issues with tea supplyExport volumes during first four months of CY2017 have increased by around 5.7%; the realizations also witnessed an increase, albeit modest...
- Global tea production trends, favourable demand prospects likely to lead to an upward price trajectory in CY2017: ICRADespite the buoyancy in prices though, continuing cost pressures, with the increase in wage rates, are likely to keep the margins and debt ...
- Eveready Industries plans to restructure packet tea businessThe move follows the dry cell battery manufacturer's decision to 'provide sharper focus' to its packet tea operations, chart out a higher g...
- Lower production, higher export demand supporting domestic auction averages of orthodox tea: ICRAHowever, continuing cost pressures, attributable to the increase in wage rates, kept margins and debt coverage indicators under check, ICRA...
- Bulk tea players to continue to face challenges in short term: ICRALabour costs have accounted for around 45% of the total cost of production, tea being a fixed cost-intensive industry.
- McLeod Russel may diversify to derisk plantation business"We have asked ourselves, what if something (adverse) happens to tea 20 years from now and what are the alternatives we should look into."
- Tea companies fear of low profits with increased production costIn the current year, the drop in tea production till May 2014 due to an unfavourable weather conditions is expected to firm up tea prices.
- Tea prices to stay firm, profits to improve: McLeod RusselMcLeod Russel India Ltd, the world's largest bulk tea company, today said tea prices were likely to stay firm for the year.
- Harrisons Malayalam to quit packet tea bizSouth India’s largest tea producer Harrisons Malayalam Ltd (HML), an RPG group company, is moving out of the consumer packet tea business t...
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