Day: February 23, 2021

India drags global black tea output down

India has pulled down the global black tea manufacturing in calendar 2020.

“According to our compilation of the official data acquired from a variety of international locations, the global black tea manufacturing has fallen to 2,228.16 million kg (mkg) from 2,285.eighty four mkg in 2019”, Rajesh Gupta, compiler of ‘Global Tea Digest’, instructed BusinessLine.

This fall of 57.68 mkg marked a decline of 2.fifty two for every cent.

“The bulk of the fall has transpired in India at 134.forty eight mkg as manufacturing nosedived to one,255.60 mkg from one,390.08 mkg in 2019. The overall decline happened in the North India,”Gupta said.

“Sri Lanka’s output declined to 276.03 mkg from 297.sixty three in 2019, marking a fall of 21.60 mkg or 7.26 for every cent”, he said. Bangladesh’s manufacturing dropped to 86.39 mkg from 96.07 mkg in 2019, marking a decline of 9.68 mkg or 10.08 for every cent.

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Nafed fails to make headway in tur, soya procurement

National Agricultural Cooperative Internet marketing Federation of India Ltd (NAFED) has not procured tur (arhar) or soyabean in Latur, 1 of the largest tur marketplaces in Maharashtra. Even though it has started off procurement operations for tur and soya, farmers who utilized to queue up at procurement centres are promoting their create to traders in the open up market the place they are getting a a lot bigger price than the MSP.

“The MSP for tur is Rs six,000 and soya (yellow) Rs 3,800 for every quintal. But in the market, farmers are getting between Rs six,900 to Rs seven,five hundred for every quintal for tur, and about Rs 4,seven-hundred for every quintal for soya. The inflow of tur in the market is fewer this year and hence costs are climbing up,” reported NAFED official, Y. E. Sumthane, in Latur. He included that on average NAFED procures 2-3 lakh quintals

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