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The Economic Times

Tea production faces a stormy forecast, expected to drop at least 160 Mkgs during the year 2024

The Tea Association of India has reported a significant drop in tea production for 2024 due to adverse weather conditions and pest infestations. North Indian tea regions, particularly Assam and West Bengal, have been severely affected. The industry is also grappling with regulatory challenges and rising costs, impacting overall profitability.

The Economic Times

From pineapple to potatoes: 8 foods you didn't know weren't Indian

Explore 8 popular foods that didn't originate in India: Potatoes (South America), Paneer (Persia), Papaya (Mexico), Tea (China), Pineapple (South America), Capsicum (Americas), Jalebi (Middle East), Tomatoes (South America).

Business Standard

Lulu Group aiming to up agri sourcing from India to Rs 15,000 cr in 2 yrs

UAE-headquartered retailer Lulu Group is looking to increase the quantum of Indian agri procurements to Rs 15,000 crore in the next two years as it expands its network globally, a top company official said on Tuesday. Its Chairman and Managing Director M A Yusuff Ali told reporters that the company plans to have a special focus on the organic good procurement and sees the value of such goods going up to Rs 2,000 crore in a year. "About Rs 10,000 crore imports (of agri products) we are doing every year. We are looking to increase it to Rs 15,000 crore within two years because we are also expanding our footprint in many countries," he said. The imports primarily include commodities such as fruits, vegetables, rice, tea, sugar, spice and millets, he said, pointing out that the produce goes to the Gulf Cooperation Council (GCC) countries and other far-east countries. Ali said his group has tied up with the Indian government-promoted Agricultural and Processed Food Products Export ...

Business Standard

Britannia in talks to acquire Kishlay Foods to expand presence in Northeast

Britannia is in talks to acquire a majority stake in Kishlay Foods, a Guwahati-based company known for its range of snacks, biscuits, sweets, chips, noodles, and tea, valued at Rs 600-700 crore

Business Standard

Need to remove basmati rice floor price to boost shipments, say exporters

India and Pakistan, the only growers of basmati, both try to promote the premium grade of rice in a manner similar to French Champagne or Darjeeling tea

The Economic Times

Tata Consumer Products completes merger of three wholly-owned subsidiaries in India

TCPL's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company which has a consolidated turnover of Rs 15,206 crore owns key beverage brands including Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+.

Business Standard

Consumption, high food inflation concern for tea industry: FAITTA chief

Sluggish growth in domestic consumption, rising food inflation and slow recovery of exports post the Covid pandemic are some of the challenges faced by the tea industry, a senior official said. Tea producer associations and the Tea Board India have been concerned over the muted demand growth in the country, he said. The remarks came from Sanjay Shah, chairman of the Federation of All India Tea Traders Association (FAITTA), during its 10th annual general meeting here on Saturday evening. As retailers within the FAITTA fold, we are witnessing the market movements from close quarters. It is a fact that loose tea consumption has been giving way to packet tea, Shah said. Rising levels of food inflation also remain a concern area, as it adversely impacts consumption, he said. Given that incomes do not adjust as fast as prices, high inflation in essentials tend to adversely impact demand for non-essentials. Even within essentials, consumers may shift to lower priced non-premium products,

Business Standard

Focus on quality rather than quantity: Assam govt to tea industry

Assam Chief Secretary Ravi Kota on Saturday called for concerted efforts to revitalise the tea industry by focussing on promoting quality over quantity. Addressing the 10th Annual General Meeting of the Federation of All India Tea Traders Association (FAITTA), he urged the stakeholders to ensure safe and quality tea. He also expressed concern over the ongoing trend of selling tea products at low prices and stated that it must be addressed immediately for the economic well-being of lakhs of small tea growers and tea garden workers across Assam. Kota also urged packers to promote high-quality teas with the government taking a firm stand by supporting the closure of production within November 30 to prevent the production of poor-quality teas. He said the Assam government has implemented several initiatives to ensure that tea as India's national beverage remains safe and its sales processes transparent. The state government remains committed to the tea industry and all associated ...

The Economic Times

Erratic weather steals Darjeeling tea’s muscatel flavor, prices plummet

Darjeeling tea's famous muscatel flavour is missing this year due to erratic weather, affecting both local and international markets. Prices for the second flush tea have dropped significantly. First flush teas have fetched better prices despite a reduced quantity, with high-quality teas still appealing to premium consumers.

Business Standard

Eastern Dooars Tea Company reports standalone net loss of Rs 0.35 crore in the June 2024 quarter

Sales rise 63.73% to Rs 3.34 crore

The Economic Times

It's coffee as usual for Starbucks in India: Appointment of new chairman won't alter plans

Starbucks' abrupt leadership change won't affect Tata Starbucks' Indian expansion plans, per Tata Consumer Products CEO Sunil D'Souza. The company aims to open 1,000 cafes by 2028. Despite new competition from Pret A Manger and Tim Hortons, Starbucks remains focused on growing its presence in the predominantly tea-drinking nation.

Mint

Kanco Tea & Industries Q1 Results Live: profit falls by 56.25% YOY

Kanco Tea & Industries Q1 Results Live: Revenue decreased by 42.64% YoY & profit decreased by 56.25% YoY

Business Line

Tea stocks surge on rising brew prices, lower production

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Business Standard

Tea prices soar as heatwaves, floods slash output in key producing regions

Production was also affected by the government's decision to ban 20 pesticides

Business Line

Amul to launch organic tea, sugar & jaggery

Amul is looking to tap the $1.3 billion organic food market in India which is currently fragmented and has a number of smaller players

The Economic Times

Cannes Lions 2024: India off to a good start with one silver, two bronzes

India performed well on the first day of the Cannes Lions International Festival of Creativity, often referred to as the Oscars of the ad-world. They secured one Silver and two Bronze Lions. Ogilvy Mumbai was awarded a Silver Lion for their innovative 'Megh Santoor' campaign for Brooke Bond Taj Mahal tea, featuring a musical billboard that played 'Raag Megh Malhar' when it rained.