EXPORT IMPORT DATA

Date : 05-Oct-2010
Subject : Darjeeling tea output down 10%; exports hit
KOLKATA: The year 2010 has been a bad year for the Darjeeling tea industry. Production is set to be lower this year by at least 10% which has impacted supplies to export markets of Japan, Germany and the UK. The Darjeeling tea industry, which reported a 12% lower crop between January and August this year, may end up with a production of less than 8 million kg.

Talking to ET, Sanjay Bansal, chairman of Darjeeling Tea Association , said: “The crop was affected during the first flush due to drought. Even the second-flush production was affected due to erratic weather conditions. At times, it has been difficult for the exporters to meet the export commitment due to the shortage. It has been a bad year for the industry. However, the only silver lining was a steady domestic demand. Surprisingly, the domestic demand for the Darjeeling tea has gone up by 30% which generally doesn’t happen. But the domestic price cannot match the international prices that Darjeeling planters fetch.”

Mr Bansal, whose Ambootia Group is the second largest Darjeeling tea company in the country, said this year’s would be one of the poorest crops in the last 40 years. The problem was triggered by a severe drought which started in October 2009 and continued till April 2010, when leaves dropped. As a result of this, the first-flush tea, which comes around mid-May and contributes about 20% of the crop, was down by about 35%.

Mr Ashok Lohia, chairman of Chamong Tee , said: “Even though prices firmed up due to a shortfall, producers failed to benefit because of low production. The cash flow has not improved for most companies compared to FY10. However, the surge in domestic demand has brought much cheer to us. We are happy that there are takers for Darjeeling tea, which is a bit pricey, in the domestic market as well. We can leverage this trend next year as well.” There are 87 tea estates in Darjeeling, all of which are running now. However, bad weather was not the only reason behind the crop loss. Shifting to organic methods of production has also led to a less output. During 2010, as many as 35 Darjeeling gardens changed hands with some crops being lost in the transformation.

Source: The Economic Times

Welcome Guest
User Login
Username or Email
Password
» Register Now
» Forgot Password ?

Enquiry Form
Name*
Company Name
Company Address
Phone*
Email*
Products
Information Sought
Image Verification
*Compulsory Fields

EXIM NEWS - EXPORT IMPORT
  • India Can Bypass Pakistan For Gas Pipeline Project With Iran: Assocham Study
    India Must Fully Exploit The Economic Opportunities Unfolding From Lifting Of Western Sanctions On Iran , Bypassing Pakistan For Import Of Natural Gas As Also Enhancing Merchandise Trade Through A Preferential Trade Agreement(Pta) With The Key West Asian Strategic Nation, An Assocham Study Has Said.
  • Us Extends Anti-Dumping Duty On Mushrooms
    The United States Has Extended The Anti-Dumping Duty On Indian Preserved Mushrooms For Another Five Years. The Move Would Impact Domestic Exporters As The Us Is A Major Export Destination For India. Punjab, Haryana, Himachal Pradesh, And Jammu & Kashmir Are The Major States Which Are Producing The Commodity. Solan In Himachal Pradesh Is Popular As 'Mushroom City Of India'.
  • Skewed Duty Lets Thai Tractors Breeze Into India, Cripples Domestic Market
    Commerce Ministry Figures For The Last 3 Years Show Thai Tractor Exports To India Go From 20 Units In 2012-13, To 2,330 Units In 2013-14 To Finally Clock In 4,092 Units At The End Of 2014-15 - A 200-Fold Jump In 2 Years. Even More Notably, Thai Tractors Exports To India Were Zero Before 2010-11.
  • Why Weak Crude Oil Prices May Cushion India Inc's Brusies From Weaker Rupee
    A Strengthening Dollar, Particularly In A Short Span, Worries Investors As A Weaker Home Currency Makes Import Costlier And Corporate India Imports More Than What It Exports. But, A Closer Look At The Nature Of Imports Of India Inc Reveals That This Time Around, The Pressure Of A Weaker Rupee - It Has Fallen By 3% In A Month — May Not Be As Acute.
  • Rupee Opens Lower At 66.27 Per Us Dollar
    Rupee Touches A High And A Low Of 66.21 And 66.27, Respectively, Compared With Its Previous Close Of 66.16
  • Govt Looking Into Import Duty, Fta Issues: Steel Minister
    Expressing Concern Over Problems Being Faced By Domestic Steelmakers Due To Large-Scale Dumping From Abroad, Union Minister Of Steel And Mines Narendra Singh Tomar On Thursday Said The Government Is Looking Into The Issues Related To Import Duties And Free Trade Agreements (Ftas). The Minister Also Said The Government Is Seized Of The Issues Impacting The Steel Sector And Will Take A Decision In Appropriate Time, Including On Import Duties. The Industry Has Been Demanding Further Hike In Import Duty On Steel Products.
  • Parliamentary Panel Suggests Need-Based Import Of Natural Rubber
    The Parliamentary Standing Committee On Commerce Has Suggested The Need-Based Import Of Natural Rubber Depending On The Gap Between Domestic Production And Consumption.
  • Indian Coffee Exports Surge Over Higher Demand For Robusta
    Indian Coffee Exports Have Recorded A Marginal Increase Despite A Sluggish Trend In The World Market And A General Decline In Prices, Thanks To The Demand For Robusta Coffee. India Exports 70 Per Cent Of Its Coffee Output Of Over 3 Lakh Tonnes.
LATEST NOTIFICATIONS