TEA NEWS #black tea

In 2009, Ramalinga Raju took India’s corporate scene by surprise when he resigned as chairman of Satyam Computer Services, the fourth-largest software exporter at the time

Agriculture and Livestock development CS Mithika Linturi has reiterated the government’s commitment to continuously support the tea industry and leverage on value addition.

Guwahati: at Sale 52 held on 27th, 28th and 29th December, 2022 there were 213,220 packages on offer. CTC: There w as fair demand for better Assams. Select cleaner, well-made & good liquoring varieties were irregular around last whilst the remainder was easier.

Calcutta: at Sale 50 held on the 13th, 14th and 15th December, 2022, CTC: Fair demand for better and better medium Assams at irregularly easier levels. Bolder brokens were a weak feature this week.

Cochin: Coonoor Sale No.52 dated 30-12-2022; CTC Leaf: Good demand. steady market, selling around last levels. Bolder Brokens barely steady and smaller brokens trading at firm to occasionally dearer levels. Best categories seen recovering in price levels. Buying pattern: Buoyant buying from the major blender. Regional Picketers also participated. Internal fair support, Exporters good support.

Chittagong: at Sale 34 held on 26th December, CTC LEAF: 51,752 packages of Current Season teas on offer met with a fairly strong demand. BROKENS: A handful of good Brokens on offer met with a strong demand and were generally firm.

Colombo: at Sale 50 held on the 19th and 20th December, there were 5.1m/kgs on offer. The 0.72 mkgs of Ex estate teas on offer met with good demand. Select Best Western High Grown BOPs were firm to dearer; the below best and plainer varieties were firm to easier at times.

The National Treasury is expected to roll out the programme beginning next month in order to subsidize fertilizer for tea farmers. “KTDA welcomes the presidential directive for the allocation of a Kshs. 1 billion fertilizer subsidy for tea farmers.