India begins current calendar with higher tea output
According to the latest official data available with the Tea Board, on the production front, calendar 2020 has opened on a positive note after India recording the highest ever output of 1390 million kg (mkg) in 2019 compared to all these years.
The 2019 output was some 52 mkg more than the production of 2018.
“Tea Board has now released the data for January 2020 which shows that India produced 16.01 mkg against 14.22 mkg in January 2019, marking a gain of 1.79 mkg or 12.59 per cent,” Rajesh Gupta, compiler of ‘Global Tea Digest’, told BusinessLine.
New turmeric arrival improves
The arrival of new turmeric to the markets in Erode increased on Thursday.
“Only one market would be conducted on Friday for this month, after that the turmeric sale would be closed till the month end. So the turmeric growers have brought increased quantity of new turmeric for sale. The traders also purchased for their local and upcountry demand. On Thursday, 6,400 bags — including 4,900 bags of new turmeric — arrived for sale and the buyers purchased 4,281 bags of turmeric. We are expecting more arrival and sale on Friday,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
But the price of the finger turmeric was sold above ₹7,000 a quintal in all the markets after some days. The traders quoted slightly increased price for some good quality turmeric.
Indian coffee shipments to corona-stricken Italy hit
India’s coffee exports are set to take a hit in the April-June quarter as orders from the largest buyer Italy, which is battling a severe outbreak of novel coronavirus, have come down considerably over the past few days.
Italy accounts for over a fifth of India’s coffee shipments.
“Order booking has slowed down and exporters are somehow trying to execute the existing orders. The impact will be felt in the April-June quarter,” said Ramesh Rajah, President of the Coffee Exporters Association.
