(more in http://teathinktank2.blogspot.in/)
Thursday, 11 January 2018
Monday, 18 December 2017
COONOOR AUCTIONS -- 10:
COONOOR TEA TURNOVER UP 7%
COONOOR TEA TURNOVER UP 7%
P S SUNDAR
Producers
and traders who operated through the auctions of Coonoor Tea Trade Association
have earned 7.38 per cent more till last month compared to the same period of
2016.
This has happened despite sacrificing prices
by ` 12.17 a kg because
1.04 crore kg more volume was sold, reveals our analysis of the Market Reports.
Till November, 47 auctions had been
conducted. To avoid piling of unsold teas following fluctuating demand,
producers sacrificed prices. Accordingly, the average price dropped to ` 84.72 a kg from ` 96.89 in Jan-Nov
2016.
This sacrifice helped more tea to be
absorbed. The volume sold rose to 5.60 crore kg from 4.56 crore kg.
Consequently, the cumulative turnover in the
11 months increased to ` 474.43 crore from ` 441.82 crore.
This increase of ` 32.61 crore marked a
growth of 7.38 per cent.
The increased turnover lay spread among
producers, buyers, exporters, brokers, warehouse-keepers and workers.
With only one month left for the year to end,
traders predict that the turnover this year would be around ` 510 crore against ` 478 crore achieved
in 2016.
(response can also be sent to: pssundar.coonoor@gmail.com)
Tuesday, 12 December 2017
PRODUCTION -- 29
GLOBAL BLACK TEA OUTPUT IS HEADING FOR A FALL THIS YEAR
P S SUNDAR
Global black tea production this year is heading for a
shortfall compared to 2016 as the output so far this year has fallen by 22.35
million kg (mkg) over the same period of last year. This is despite India, the world’s largest
producer of black tea, reporting a higher output.
“As per the official data received from different producing countries, the
global black tea production so far this year has fallen to 1823.69 mkg from 1846.04 mkg in the same period of last year”, Rajesh Gupta, compiler of annual Global
Tea Digest told me.
This fall of 22.35 mkg marked a decline of 1.21 per cent.
The major fall has occurred in African countries due to prolonged adverse
weather conditions. Kenya led the decline
with as much as 41.03 mkg to dip to 346.97 mkg. Uganda reported a fall of 8.24 mkg to touch
23.75 mkg while Tanzania lost 2.10 mkg to total 18.27 mkg. Malawi managed to post a marginal gain of
0.90 mkg to reach 36.27 mkg.
In Asia, Bangladesh lost 8.81 mkg to produce 51.86 mkg.
On the contrary, Sri Lanka posted the highest increase of 21.48 mkg to soar
to 256.70 mkg.
India continued to top the global black tea production table and its production
so far this calendar totalled 1089.87 mkg, up by 15.45 mkg. Here, North India suffered a loss of 2.32
mkg to produce 894.23 mkg while South India gained 17.77 mkg to produce 195.64
mkg.
As this increase was not sufficient to offset the major loss in Africa, the
overall output fell marginally.
(response can also be sent to: pssundar.coonoor@gmail.com)
Tuesday, 5 December 2017
Sunday, 26 November 2017
PRODUCTION -- 28:
INDIA HEADING FOR A LOWER TEA PRODUCTION THIS YEAR
P S SUNDAR
India’s tea
production which, till August, followed the trend of posting a new record year
after year, has failed to adhere to this
norm at September end.
September proved to
be a disastrous month for North India even as production fell marginally in
South India as well following adverse weather conditions.
“Tea Board has now
released the September production data which shows that India lost 44.17
million kg (mkg) over September 2016 to total 145.83 mkg. Of this,
North India lost 42.14 mkg to produce 127.54 mkg while South India lost 2.03
mkg to produce 18.29 mkg”, Rajesh Gupta, compiler of annual Global Tea
Digest, told me..
“Consequently, our
compilation shows that at the end of the first three quarters of current year,
India’s production has fallen to 912.55 mkg from 923.27 mkg, marking a marginal
fall of 1.16 per cent”, he said.
Helped by higher
production in earlier months, South India’s overall output in the ten months
has increased over the corresponding period of 2016 but North India is trailing
behind last year.
In the ten months,
North India lost 25.79 mkg to produce 737.87 mkg. Assam lost as much as
23.33 mkg but topped India’s production table at 464.29 mkg
South India produced
15.07 mkg more to reach 174.68 mkg. Here, Tamil Nadu produced 124.80 mkg
(up by 13.22 mkg) and Kerala 46.08 mkg (up by 2.03 mkg).
As of now, industry
sources estimate the country’s production in the current year to be around 1257
mkg in 2017 – some 10 mkg less than 2016. If this happens, it will
be for the first time in recent many years that India’s production will be less
than the previous year.
(response can also be sent to: pssundar.coonoor@gmail.com)
Wednesday, 8 November 2017
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