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Time of India
13 hours ago
- Business
- Time of India
Tea Prices Head North on Stronger Demand
HighlightsIndian tea prices surged by 18% in the first four months of this year, reaching an average wholesale price of ₹160.5 per kg, driven by strong demand from international markets such as Russia, Iran, Iraq, and the United Arab Emirates. The price of Assam orthodox tea has attained a record high of ₹314 per kg at auctions, with expectations for continued firm prices as the second flush teas commence auctions in June. Despite the rise in tea prices, packet tea companies like Hindustan Unilever and Tata Consumer Products are not planning to increase retail prices to avoid losing market share, although there may be marginal hikes if prices continue to escalate. Indian tea prices increased 18% in the first four months of this year from a year earlier, pushed up by strong demand from markets like Russia, Iran, Iraq and the UAE. With exports demand remaining robust and consumer goods firms such as Hindustan Unilever and Tata Consumer Products stepping up purchases for the local and international markets, auctioneers and industry executives expect the prices to stay firm and shipments to top last year's levels. Companies that sell packet tea, however, aren't currently planning to pass on the higher price to local consumers as they don't want to risk losing market share, said industry executives. Higher Demand in Overseas Mkt | page 18 According to Tea Board figures, the average wholesale tea price in the January-April period rose to ₹160.5 per kg from ₹136.4 a year earlier. This average is for a mix of premium orthodox (hand-rolled) tea and the common CTC dust and leaf teas from South India, Assam and West Bengal. International demand for Indian tea remains strong. 'There has been a significant rise in demand for Indian tea from the Middle East countries and Russia. They buy premium orthodox tea,' said Mohit Agarwal, director of Asian Tea, a Kolkata-based tea exporting firm. 'If this momentum continues, then the overall tea exports of the country will surpass last year's exports.' The price of Assam orthodox tea has hit a record high of ₹314 per kg at auctions, Agarwal said. Prices are expected to remain firm even as the second flush teas will start coming to the auction centres in Guwahati and Kolkata from June second week, he said, adding: 'For the year 2025, we can expect record production and prices as the Middle East will continue to buy Indian teas.' India exported about 255 million kg of tea worth ₹7,111 crore in 2024, when it moved up to the third position from the fourth on tea exports by replacing Sri Lanka. Exports from Assam and West Bengal totalled 154.81 million kg, valued at ₹4,833 crore. South India's share was 99.86 million kg worth ₹2,278 crore. Production in the first four months of this year has also increased from a year ago period. Figures released by the Tea Board shows production at 203.14 million kg, up 28.94 million kg from the January-April period of last year. 'Even though all the packet tea players are buying heavily, there are no immediate plans to raise prices for the end consumers. If prices rise further, then there may be a marginal price hike for the consumers,' said Viren Shah, chairman of Gujarat-based Jivraj Tea. 'But these are early days, and nobody would like to lose their market share by increasing prices.' J Kalyanasundaram, secretary of the Calcutta Tea Traders Association, said players like HUL and Tata Consumer Products stepped up purchase at the auctions, after the government made auction compulsory for 100% CTC dust teas. 'This has resulted in a price rise. Prices of this variety have shot up by ₹19-20 per kg,' he said.
Time of India
19 hours ago
- Business
- Time of India
Indian tea prices rise 18% as demand surges from Russia, Iran, Iraq and UAE
Kolkata: Indian tea prices increased 18% in the first four months of this year from a year earlier, pushed up by strong demand from markets like Russia, Iran, Iraq and the UAE. With exports demand remaining robust and consumer goods firms such as Hindustan Unilever and Tata Consumer Products stepping up purchases for the local and international markets, auctioneers and industry executives expect the prices to stay firm and shipments to top last year's levels. Companies that sell packet tea, however, aren't currently planning to pass on the higher price to local consumers as they don't want to risk losing market share, said industry executives. According to Tea Board figures, the average wholesale tea price in the January-April period rose to ₹160.49 per kg from ₹136.41 a year earlier. This average is for a mix of premium orthodox (hand-rolled) tea and the common CTC dust and leaf teas from South India, Assam and West Bengal. International demand for Indian tea remains strong. "There has been a significant rise in demand for Indian tea from the Middle East countries and Russia. They buy premium orthodox tea," said Mohit Agarwal, director of Asian Tea, a Kolkata-based tea exporting firm. "If this momentum continues, then the overall tea exports of the country will surpass last year's exports." The price of Assam orthodox tea has hit a record high of ₹314 per kg at auctions, Agarwal said. Prices are expected to remain firm even as the second flush teas will start coming to the auction centres in Guwahati and Kolkata from June second week, he said, adding: "For the year 2025, we can expect record production and prices as the Middle East will continue to buy Indian teas." India exported about 255 million kg of tea worth ₹7,111 crore in 2024, when it moved up to the third position from the fourth on tea exports by replacing Sri Lanka. Exports from Assam and West Bengal totalled 154.81 million kg, valued at ₹4,833 crore. South India's share was 99.86 million kg worth ₹2,278 crore. Production in the first four months of 2025 has also increased from a year earlier. Figures released by the Tea Board show production at 203.14 million kg, up 28.94 million kg from the January-April period of last year. "Even though all the packet tea players are buying heavily, there are no immediate plans to raise prices for the end consumers. If prices rise further, then there may be a marginal price hike for the consumers," said Viren Shah, chairman of Gujarat-based Jivraj Tea. "But these are early days, and nobody would like to lose their market share by increasing prices." J Kalyanasundaram, secretary of the Calcutta Tea Traders Association, said players like HUL and Tata Consumer Products stepped up purchase at the auctions, after the government made auction compulsory for 100% CTC dust teas. "This has resulted in a price rise. Prices of this variety have shot up by ₹19-20 per kg," he said.
Time of India
a day ago
- Business
- Time of India
Indian tea prices rise 18% as demand surges from Russia, Iran, Iraq and UAE
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kolkata: Indian tea prices increased 18% in the first four months of this year from a year earlier, pushed up by strong demand from markets like Russia, Iran, Iraq and the UAE. With exports demand remaining robust and consumer goods firms such as Hindustan Unilever and Tata Consumer Products stepping up purchases for the local and international markets, auctioneers and industry executives expect the prices to stay firm and shipments to top last year's that sell packet tea, however, aren't currently planning to pass on the higher price to local consumers as they don't want to risk losing market share, said industry to Tea Board figures, the average wholesale tea price in the January-April period rose to ₹160.49 per kg from ₹136.41 a year earlier. This average is for a mix of premium orthodox (hand-rolled) tea and the common CTC dust and leaf teas from South India, Assam and West demand for Indian tea remains strong. "There has been a significant rise in demand for Indian tea from the Middle East countries and Russia. They buy premium orthodox tea," said Mohit Agarwal, director of Asian Tea, a Kolkata-based tea exporting firm. "If this momentum continues, then the overall tea exports of the country will surpass last year's exports."The price of Assam orthodox tea has hit a record high of ₹314 per kg at auctions, Agarwal said. Prices are expected to remain firm even as the second flush teas will start coming to the auction centres in Guwahati and Kolkata from June second week, he said, adding: "For the year 2025, we can expect record production and prices as the Middle East will continue to buy Indian teas."India exported about 255 million kg of tea worth ₹7,111 crore in 2024, when it moved up to the third position from the fourth on tea exports by replacing Sri Lanka. Exports from Assam and West Bengal totalled 154.81 million kg, valued at ₹4,833 crore. South India's share was 99.86 million kg worth ₹2,278 in the first four months of 2025 has also increased from a year earlier. Figures released by the Tea Board show production at 203.14 million kg, up 28.94 million kg from the January-April period of last year."Even though all the packet tea players are buying heavily, there are no immediate plans to raise prices for the end consumers. If prices rise further, then there may be a marginal price hike for the consumers," said Viren Shah, chairman of Gujarat-based Jivraj Tea. "But these are early days, and nobody would like to lose their market share by increasing prices."J Kalyanasundaram, secretary of the Calcutta Tea Traders Association, said players like HUL and Tata Consumer Products stepped up purchase at the auctions, after the government made auction compulsory for 100% CTC dust teas. "This has resulted in a price rise. Prices of this variety have shot up by ₹19-20 per kg," he said.
Time of India
2 days ago
- General
- Time of India
No permission for new traditions during Ganga Dussehra, Eid fests
Varanasi: During a district-level peace committee meeting on Wednesday, police commissioner Mohit Agarwal and district magistrate Satyendra Kumar appealed to people to celebrate Ganga Dussehra on Thursday and Eid ul Azha on Saturday without initiating any new traditions. Both officials interacted with each member of peace committee at police lines, listening to their issues and instructing department officials concerned to resolve them responsibly. The committee members were also advised to exercise necessary caution regarding security and other arrangements. Agarwal emphasised that all festivals be celebrated peacefully and with dignity. Meetings of local peace committees have already been conducted in all police stations of the district. He urged all peace committee members to report immediately any fake or misleading news to district administration or nearest police station, so that necessary actions could be taken to maintain peace, law and order in the district. He instructed caution regarding previously identified locations during peace committee meetings held at police stations. Sensitive areas will be monitored using drone cameras. He appealed to everyone to cooperate with the administration. Police cell will keep a strict watch on social media. Additional commissioner of police provided detailed information on important security points. The district magistrate said all festivals in past year were celebrated peacefully and harmoniously. All district residents will celebrate the upcoming Ganga Dussehra and Eid ul Azha festivals traditionally, with joy and peace. No new traditions will be initiated in the district. He advised against any actions that might hurt anyone's sentiments. He instructed electricity department to ensure there were no poles in need of repair, cables, or wires hanging and bare at any location. On being informed by committee members about road, sewer and drain blockages in Dalmandi, Lohata and Ravindrapuri areas, departments concerned were instructed to take immediate action. Instructions were given to ensure availability of tankers for water supply at key locations. The municipal corporation was directed to ensure cleanliness arrangements at all major places, including ghats. DM also sought suggestions from members who attended the peace committee meeting for resolving issues, ensuring they were addressed smoothly. He emphasised that problems related to specific departments be resolved timely. The meeting was attended by ACP Shivhari Meena, along with officials from administration and police department.
News18
11-05-2025
- Business
- News18
Gurgaon Real Estate: Sector 80 Gets Rs 41.8-Crore Connectivity Boost
Reported By : Last Updated: May 11, 2025, 08:40 IST Once complete, the new 84-metre-wide corridor in Gurugram will integrate Sectors 78, 79, and 80 into the city's high-speed road network, reducing travel times and unlocking real estate and commercial potential. In a major infrastructure push for Gurugram, the Gurugram Metropolitan Development Authority (GMDA) has sanctioned a Rs 41.8-crore redevelopment plan to transform the narrow two-kilometre link road between Naurangpur and Rampura Chowk on NH-8 into a modern six-lane arterial stretch. The redevelopment will significantly improve access for Sectors 78, 79, and 80, which have been constrained by a 5.5-metre link road. Once complete, the new 84-metre-wide corridor will integrate these sectors into the city's high-speed road network, reducing travel times and unlocking real estate and commercial potential. Sector 80 stands out for its prime location, offering direct access to Delhi, Sohna, IGI Airport, and IMT Manesar via the KMP Expressway, Southern Peripheral Road (SPR), and Dwarka Expressway, along with proximity to the Delhi-Jaipur highway. The planned redevelopment includes a six-lane main carriageway with a central verge. The enhanced road network is expected to fuel growth in both residential and commercial developments, with developers already capitalising on the area's potential. Projects like Godrej Frontier, Eldeco Fairway, Mapsko Mountville, and Sobha Arnaya have made early bets on Sector 80. Conscient Developers has launched two premium residential projects, Elaira Residences, which spans 5.5 acres and offers 536 luxury 3BHK apartments, of which 268 apartments have been launched in the First Phase. The company also launched Parq last year, a luxury development that witnessed prices rise from Rs 14,500 to Rs 17,000 per sqft within just six months of its launch. With this redevelopment of the road leading to enhanced connectivity, the pieces are expected to further appreciate. Mohit Agarwal, business head, Conscient Infrastructure Pvt Ltd, said, 'Sector 80 in New Gurugram is fast emerging as a prime residential hub, driven by its strategic location, robust infrastructure, and seamless connectivity. With wide roads, planned development, and proximity to key city centers, the area is attracting discerning homebuyers looking for a well-balanced lifestyle. The demand for luxury housing here is on the rise, as buyers seek modern amenities, expansive green spaces, and a refined living experience." Meanwhile, Golf Course Road continues to be one of Gurugram's most sought-after luxury addresses. Together, these locations highlight Gurugram's evolving real estate landscape, catering to diverse buyer preferences and setting new benchmarks for upscale urban living, he added. While Sector 80 stands to benefit the most, nearby Sectors 78 and 79 are also poised to benefit from the road improvements. Improved access to NH-8 and SPR is expected to boost property values, enhance rental yields, and attract retail and commercial developments. Education, healthcare, and leisure infrastructure are expected to follow the rising demand, creating a virtuous growth cycle. Swipe Left For Next Video View all 'The redevelopment of this crucial road is a landmark moment for Sector 80. It doesn't just mean improved commute times — it represents progress, safety, and a better quality of life for our residents. As one of the early real estate developers in this region, we have always believed in Sector 80's strategic importance. With this infrastructure boost, the area is now perfectly positioned for accelerated residential and commercial growth," said, Rahul Singla, director of Mapsko Group. With major real estate developments reshaping the city, Sector 80 and its neighboring areas are set to transform into a thriving, well-connected urban cluster, embodying the promise of elevated living in one of India's most dynamic real estate markets. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated!
