India Tea is likely to benefit from Sir Lanka wage hike
Commodity Online | December 21 2018
UPDATED 13:34:54 IST

Saudi Arabia Crude Oil exports fall to 7.254 mn bpd in January

Venezuela suspends Oil exports to India

Indonesia's Palm Oil production may rise to 43 MT in 2019-20: USDA

OPEC, Russia extend production cuts through June

India’s fuel demand rises 3.8% in February

Indian Tea is likely to gain benefit from wage hike in Sri Lankan plantations and pesticide problems in Vietnam.

India is the second largest producer of Tea in the world and contributes 26% to the global production.

The expected wage hike in Sri Lankan plantations is estimated to help South Indian orthodox production also.

Domestic tea production during 2018 is expected to stay more or less the same as last year despite lower rainfall, while exports are expected to marginally increase.

India’s Tea production for the January-October of 2018 stands at 1,117.6 mkg, against 1,127.2 mkg in the year-ago period. South Indian tea production for 10 months of 2018 stands at 187.6 mkg, against 197.3 mkg in 2017. North Indian Tea production for 10 months of 2018 was 929.98 mkg, against 929.85 mkg in the same period last year.

 

Commodity Arrivals Rate
Mustard Oil 200 8700.00
Coconut Oil 2 19200.00
Arecanut 5 2200.00
Sugar 660 3212.00

More

×