Indian tea exporters are seeking government support to boost exports in 2023 amid headwinds such as the conflict between Russia and Ukraine and the decline in demand from traditional markets like Europe and the Gulf countries. The exporters of the beverage consequently foresee a 10 per cent or more drop in shipments in the current … Read more
Darjeeling’s tea industry is feeling the heat of the Russia-Ukraine war, as European buyers are not keen to lift the commodity due to depreciation of the euro that has made imports more expensive for them. Prices of Darjeeling tea fell to half at the auctions last week compared with the previous week as a result … Read more
Tea exports dipped to 203.8 million kg during the 2020-21 fiscal compared to 241.31 million kg in the corresponding period a year ago, official data showed. The value of exports fell marginally to Rs 5,311.53 crore in 2020-21 as against Rs 5,457.10 crore in the year-ago period, according to data available with the Tea Board. … Read more
The tea industry is bracing for a decline in exports to the tune of 30-40 million kg this year as compared to 2020, due to the availability of low-cost varieties in the global market and amid trade restrictions in countries that have traditionally been strong importers, industry sources said. The coronavirus-induced economic downturn in much … Read more
KOLKATA: The Tea Board is seeking to curb the movement of illegally imported tea within the country, seeking to cancel the relevant buyer licences if consignments don’t mention the country of origin and the full address of the importer. It has come to the notice of the Tea Board that 60.35 million kgs of tea … Read more