COVID-19 lockdown disrupts India’s tea industry; output seen falling 10% this year

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The national lockdown triggered by the coronavirus pandemic that kept pluckers away from the plantations in key tea-growing states of Assam and West Bengal is likely to lower production by about 10 percent this year, a top industry official said. Sujit Patra, Secretary, Indian Tea Association told indoasiancommodities.com in an interview that production could drop […]

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Southern Indian tea industry seeks ‘corona-cured’ label for the Nilgiris

Tea industry in the Nilgiris, the largest tea growing district in South India, has appealed to the authorities to declare the Nilgiris as ‘Corona-cured’ district, reports Hindu BusinessLine. This follows an announcement by the Nilgiris district Collector Innocent Divya that all the nine persons who had tested positive in the district were fully cured and […]

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Covid-19 hits Betel leaf and litchi farmers in Muzaffarpur as well as tea farmers in Bihar’s Kishanganj

Betel leaf (Paan leaf) farmers in Muzaffarpur, Bihar are facing losses due to the lockdown imposed to curb the spread of the coronavirus. Some farmers told news agency, ANI that they are facing problems as there is shortage of labour and they are not able to send their produce to the market due to the lack of transport facilities. The markets are closed […]

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South Indian tea gardens reopen as northern cousins stumble amid lockdown

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Despite the government’s early initiative to reopen the North Indian tea estates, South India has taken the lead with both Kerala and Tamil Nadu resuming operations with safety protocol in place to prevent spread of coronavirus among workers, reports Financial Express. The Union home ministry had issued orders on March 24 that 50% of the […]

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Sebi proposes one commodity, one exchange model to make India influence global prices

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To deepen and grow commodity markets in India with an intention to make India a price-setter than a price-taker, the Securities and Exchange Board of India has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors, says a report in Business […]

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Iran overtakes Russia as biggest buyer of Indian tea in 2019

Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals, reports Bloomberg. India and Iran have been trading through a rupee-based bank account to bypass restrictions imposed by the US. While this bilateral trade has boosted imports of […]

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