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Piyush Goyal | Crisis in Darjeeling tea industry to top Piyush Goyal's meeting agenda in Calcutta

The industry, reeling under losses for seven years in a row, will be begging for a one-time financial assistance to stay afloat. Buffeted by weak export demand and a deluge of cheap Nepalese variety in India, planters claim that business has become unviable with no direction in sight to turn around

Darjeeling tea hits 8-yr low in auctions

Geopolitical headwinds leading to lower demand from export markets, coupled with lower domestic buying, have dragged the auction average of Darjeeling tea to its lowest level since 2015. Data from Calcutta Tea Traders Association (CTTA) shows that the average price of Dar­jee­ling tea at Kolkata auctions for January-Dec­em­ber 2023 was Rs 319.74 per kg. The last time it dipp­ed below this level was in 2015 at Rs 285.71 per kg.

Brewing trouble: Darjeeling tea hits 8-year low in auctions, shows data

Indian tea exports hit a trough during April-November 2023

India exported tea worth $531.63 million between April and November 2023, down from $562 million in the year-ago period

Red Sea crisis: Indian tea exporters to Europe and US stare at massive losses

Red Sea crisis: Indian tea exporters to Europe and US stare at massive losses, and importers might prefer Kenyan tea for new contracts

India's tea export likely to be down by 10% this year - The Hindu BusinessLine

Darjeeling Tea: Cheap Nepal tea imports deepen crisis for Darjeeling industry, ET Retail

Sandeep Mukherjee, principal adviser of Darjeeling Tea Association said “Of the 87 tea estates in Darjeeling, 7 are permanently closed. Many of them are somehow surviving and are not able to clear the statutory dues of the workers. The fate of the Darjeeling industry is uncertain and we do not know how long the gardens will continue their operations.”

Cheap Nepal tea imports deepen crisis for Darjeeling industry

Sandeep Mukherjee, principal adviser of Darjeeling Tea Association said “Of the 87 tea estates in Darjeeling, 7 are permanently closed. Many of them are somehow surviving and are not able to clear the statutory dues of the workers. The fate of the Darjeeling industry is uncertain and we do not know how long the gardens will continue their operations.”

India's tea output, exports likely to be lower this year

Despite the decline in production, however, prices continue to remain weak.