Agriculture Current Affair 29 January 2022

Tea industry urges govt to come up with schemes to help increase tea exports from India

Tea industry has urged the government to come up with schemes to help increase tea exports from India and give financial support to set up tea lounges to promote tea drinking in the country in the upcoming budget. They have also said that the Budget should introduce new objectives so that the Tea Board can act as a facilitator for optimizing the development, promotion and research in the tea industry.

Madhav Sarda, managing director, Golden Tips Tea said “The Tea Board has almost done away with subsidizing exporters’ participation in overseas expos. This was a very important component to locate new markets and buyers for Indian teas and should be re-introduced to promote exports through which the government can enhance foreign exchange earnings. We expect this Union budget to address this so that homegrown tea brands can expand their footprint internationally, and get recognition for delivering best quality gourmet teas to customers globally.”

Exports of Indian tea have dwindled by 9 per cent in the first ten months of 2021 compared to the same period of the previous year and it is unlikely to cross 200 million kg in 2021.

India’s 2021-22 sugar production to rise 2.90 pc to 31.9 mn tons

Sugar production in India, the world’s second largest producing nation after Brazil, is estimated to increase by 2.90 per cent to 31.9 million tonnes in the ongoing 2021-22 marketing year, according to the first estimate released by the trade body AISTA on Thursday. With estimated production of 31.9 million tonnes plus opening stock of 8.3 million tonnes with mills, the total availability of sugar in the country is expected to be 40.2 million tonnes in the current marketing year, slightly lower than the previous year, it said.

However, the supply of sugar in the country would be sufficient to meet the domestic consumption, which is estimated to be at 27 million tonnes in the 2021-22 marketing year, it added.

Sugar marketing year runs from October to September.

AISTA pegs India’s 2021-22 sugar production at 31.9 million tonnes

Trade body All India Sugar Traders Association (AISTA) has pegged India’s 2021-22 sugar production at 31.9 million tonnes, up by 2.9% over the previous year’s sugar production of 31 million tonnes.

It expects the state of Maharashtra to be top sugar producer with estimated production of 11.5 million tonnes against previous year’s 10.6 million tonnes. The progressive sugar production of Maharashtra according to the state’s sugar commissionerate as on January 27 was 6.83 million tonnes as compared to 5.96 million tonnes on the same day of the previous year, higher by 14.6%. Maharashtra is expected to produce record high sugar in 2021-22 as farmers have increased the area under the crop thanks to good reservoir status.

According to AISTA, the sugar production of Uttar Pradesh is expected to decline from 11.1 million tonnes to 10.5 million tonnes. Karnataka’s sugar production for the ongoing crushing season has been pegged at 4.8 million tonnes against 4.7 million tonnes in the previous year.

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