Latest news with #ConfederationofIndianSmallTeaGrowersAssociations
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Business Standard
6 days ago
- Business
- Business Standard
Small tea growers ask Centre to set up fair price discovery mechanism
In a letter to Commerce Minister Piyush Goyal, the Confederation of Indian Small Tea Growers Associations (CISTA) suggested a price protection scheme modelled on the lines of the minimum support price Press Trust of India Small tea growers, who contribute more than 50 per cent to the crop production of the country, have urged the Centre to set up a fair and transparent price discovery mechanism so that they can realise a proper value by selling leaves to factories. In a letter to Commerce Minister Piyush Goyal, the Confederation of Indian Small Tea Growers Associations (CISTA) suggested a price protection scheme modelled on the lines of the minimum support price (MSP). It said the Tea Board should undertake a detailed study to determine an equitable price-sharing ratio between small growers and factories. Small growers are facing the persistent challenge of poor price realisation, which is undermining the sector's sustainability, CISTA president Bijoy Gopal Chakraborty said. Small growers contribute more than 52 per cent to the country's tea production, and a proper price realisation mechanism should be identified so that livelihoods are sustained, he said. Chakraborty said the association has already submitted a detailed status paper to the Commerce Ministry in May 2023, outlining the structural bottlenecks faced by the sector, which is suffering from chronic price realisation challenges. He said the concept of minimum benchmark price should be replaced by a new methodology linked to the total sales value so that growers receive a fair and remunerative price. CISTA favoured the Sri Lankan model, under which surplus earnings over auction averages are shared equally between factories and growers. Proposing a price protection scheme for small growers, it said the average green leaf price currently ranges between ₹22 to ₹25 per kg, while the cost of production is hovering between ₹17 and ₹20 per kg. The yield on a modest margin is ₹5 per kg for the growers, it said. On the other side, agents typically charge ₹2 per kg, the CISTA said it is a big disincentive, and growers should be able to sell directly to factories. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
7 days ago
- Business
- Time of India
Stuck in Mum port for a mth, tea from Kol finally lands in Iran
1 2 Kolkata: Export of tea from Kolkata to Iran — in a limbo during the Iran-Israel conflict — has resumed following the announcement of ceasefire. About 50 containers carrying 1 million kg of orthodox Assam tea reached Iran's Bandar Abbas port this week. These tea consignments had been piling up at Navi Mumbai's Nhava Sheva port since the second week of June. Iran is the second-largest recipient of Indian tea after Russia, accounting for around 20% of India's tea exports. In 2024, tea exported to Iran from India was 31 million kg. Leading tea exporter Shah Brothers' chairman Sashi Kanta Shah expressed relief, saying, "About 200 tonnes of tea in our 10-container consignment had been stuck in Mumbai during the conflict. Now that the shipping route is open, we can finally see our tea in the Iranian market." You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Confederation of Indian Small Tea Growers Associations president Bijoy Gopal Chakraborty said, "Tea market relies largely on exports. Orthodox tea grown in Assam and Dooars has a big market in Iran, and we look forward to a rise in demand."
