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Kenya taking over global markets, Indian tea producers look inward for price recovery

Kenya taking over global markets, Indian tea producers look inward for price recovery
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In 2020, tea production India fell due to the lockdown. Once the lockdown was withdrawn, it took almost a month for the bushes to come in shape to generate fresh tea leaves and buds. In 2019, India had produced 1,390 million kg of teas.
Agencies
Payments from Iran remains a problematic issue, especially since Iran is one of the biggest export markets for Indian teas.
KOLKATA: As Kenya is flooding the global black tea consuming markets with the commodity due to higher production in the country, Indian tea producers are relying more on the domestic market this year for better price recovery. Tea prices have already gone up 20% in the past three months and are expected to remain firm owing to scarce supply. ....

West Bengal , United Kingdom , Azam Monem , Viren Shah , Federation Of All India Tea Traders Association , Mcleod Russel , Tea Board , All India Tea Traders , மேற்கு பெங்கல் , ஒன்றுபட்டது கிஂக்டம் , வைரன் ஷா , கூட்டமைப்பு ஆஃப் அனைத்தும் இந்தியா தேநீர் வர்த்தகர்கள் சங்கம் , மக்ல்ந்ட் ரஸ்ஸல் , தேநீர் பலகை , அனைத்தும் இந்தியா தேநீர் வர்த்தகர்கள் ,

Trade wants Tea Board to evaluate e-auction system - The Hindu BusinessLine

Trade wants Tea Board to evaluate e-auction system
January 21, 2021
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Citing several lacunae in the e-auctions mechanism, tea traders have urged the regulator, Tea Board of India, to evaluate the online auction system before its wide-scale roll-out.
The Federation of All India Tea Traders Association (FAITTA), the apex tea trade body, has warned that the public auction system could have serious ramifications for the trade under its current e-auctions systems.
“Unfortunately, there are several lacunae in the system, and as a result it has ended up working like a tender process, and not a fair price discovery mechanism,” Viren Shah, Chairman of FAITTA, said in a statement. The tea trade had migrated from a manual auction system to e-auction in 2016 as a part of the auction reform initiative for fair price discovery. ....

Tamil Nadu , Viren Shah , Federation Of All India Tea Traders Association , Tea Board , All India Tea Traders Association , E Coonoor , E Auction System , தமிழ் நாடு , வைரன் ஷா , கூட்டமைப்பு ஆஃப் அனைத்தும் இந்தியா தேநீர் வர்த்தகர்கள் சங்கம் , தேநீர் பலகை , அனைத்தும் இந்தியா தேநீர் வர்த்தகர்கள் சங்கம் , ஏ கூனூர் , ஏ ஏலம் அமைப்பு ,