Tea Markets

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The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement

A report by Icra said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year

Last year, companies reported higher profits even on lower volumes due to a rally in tea prices. But the fall in prices seen from June may impact margins

The UK-listed consumer group has reached out to potential suitors and is expecting first-round bids in September, the people said, asking not to be identified discussing confidential information

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea

In January, Unilever had announced a strategic review of the global tea business, which includes leading brands such as Lipton, Brooke Bond and PG Tips

Tea estates in Assam and West Bengal, after closure for three weeks during lockdown, resumed operations from April, 12, 2020 with partial manpower utilisation

Brokers are of the view that opening prices of the season's fresh teas will be higher by Rs 30-50 a kg

Farmers said that the lockdown was imposed at a time when the tea leaves were supposed to be harvested

Two other important centres in Kolkata and Siliguri are yet to decide on a date

The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the Covid-19 lockdown

While there has been practically no income due to lockdown, fixed costs such as wages and loan servicing have been mounting

All of the 1422 registered tea estates and more than 250,000 micro-small planters have stopped production citing safety precautions for workers, unavailability of transport

Tetley is among the world's largest tea companies, going back over 180 years, and had been acquired by the Tata Group nearly 10 years ago.

The Tata group company said its revenue from operations was driven by improvement in branded and non-branded business both in India and globally

Plans are to trace the movement tea across the supply chain, from plantation to sale

Average consumption was the highest in Gujarat at 1,385 gram (g) a year per person

Currently, its operations are limited to the bulk tea level, the stage when packeteers and blenders buy either directly from the planter or at auctions

Around 60 per cent of the total cost of production comprises of wages (both in cash and in kind) which is paid in cash