Modi, in his address, lauded the Ceylon Tea, saying it was world famous but what was lesser known was the sweat and labour behind it.
Tea companies are in focus as plantations in Assam are facing a production dip because of excessive rain in the area. This is expected to lead to shortage in stock and consequently an increase in prices.
If the deal looks favourable, Tata Coffee will be merged into Tata Global Beverages, sources told CNBC-TV18.
The company is likely to use the fresh fund for expanding its cafes in the country.
Reports of lower production in the global suppliers like India, Kenya and Sri Lanka has provided support to Tea prices. This year Production is expected to dec ...
In an interview to CNBC-TV18‘s Manisha Gupta, Kamal Baheti, CFO at McLeod Russel and DP Maheshwari, MD & CEO at Jayshree Tea & Industries spoke about the rise in tea prices and the demand supply mismatch.
Indian tea exporters are facing uncertainty from two of its major markets Iran and U.K. in terms of cheap tea and issues regarding the payment mechanism respec ...
Tea producer Jayshree Tea‘s net profit fell 98 percent on the back of lower tea prices. Speaking to CNBC-TV18, company‘s MD and CEO, DP Maheshwari, said prices of high quality tea have gone down by Rs 30-40.
Last year, Starbucks Chairman and CEO Howard Schultz described India as a "major business opportunity" during his visit here and announced the introduction of speciality teas in the country in 2017.
Tea prices are expected to be higher in the new season, said Kamal Baheti, CFO of Mcleod Russel. Increased prices will benefit the overseas operations most.
In the April-September period of last year, the total value of tea exports was Rs 2,124.97 crore, according to Tea Board's latest data.
India's tea production rose by three per cent to 901.67 million kg during January-September period of this calendar year, according to latest data.
Iron fillings enter tea due to wear and tear of the processing machinery. The continuous presence of iron filings in tea has raised safety concerns and there have been many demands to fix an upper limit.
The delegation for the October 29-November 3 visit is headed by Joydip Biswas, Deputy Director of the Tea Board of India, who is accompanied by Rishit Ravindra Patel, Ganesh Moorthy Lingan, Don Bosco Yasudass and Anil George Joseph.
The exports were at USD 71.88 billion in August 2015, according to the data of the commerce ministry.
Tea-to-batteries major Eveready Industries India today said the additional director general of Competition Commission has collected "certain business related information" but the company is unaware of the purpose.
Commerce and Industry Minister Nirmala Sitharaman said tea production during 2015-16 was 1233.14 million kgs and it registered a growth of 3 percent as compared to last year, which is the highest ever tea production in India.
"The overall situation in north Bengal is very bad due to incessant rains for the last several days with many bushes under the water," Joint Secretary of Indian Tea Association (ITA) Sujit Patra told PTI.
With a better monsoon forecast for this year, the company aims to have a good fiscal after a lean period of 2-3 years.
In near-term, if earnings do a repeat of the last quarter with positive numbers, markets will be optimistic that they are betting on the right thing, said CNBC-TV18's Consulting Editor Udayan Mukherjee. Markets will want to know that it is a durable recovery and not just a flash in the pan, he added.
The country's tea production was at 78.76 million kg in the same period last year, according to Tea Board data.
Tea production rose by three per cent in 2015-16, up from 36 million kilos in the preceding year, a Tea Board statement said today.
The board has introduced pan-India e-auction for tea manufacturers, says AK Das, Deputy Chairman & Financial Advisor, Chief Accounts Officer at Tea Board of India.
The tea companies have seen their costs rise over the last two years. This increase in costs is led by hikes in wages, says Baheti.
Amid the high amount of skepticism surrounding the accuracy of Chinese data, a look at recent economic indicators of Japan, South Korea and Taiwan, some of China's biggest trading partners in the region, could be more fruitful, noted Julian Evans-Pritchard, China economist at Capital Economics.