Kolkata: Union Minister Piyush Goyal to Address Challenges Faced by Tea Industries
The problems encountered by the tea industries in Assam and Darjeeling will be discussed by Union Minister Piyush Goyal
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The problems encountered by the tea industries in Assam and Darjeeling will be discussed by Union Minister Piyush Goyal
According to Goyal, the Ukraine war, the Israel conflict and issues related to the Red Sea are among the factors which are impacting trade.
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.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Goyal, who also holds portfolios of consumer affairs, food and public distribution and textiles, is slated to inaugurate 'Patsan Bhavan' which will house the Jute Commissioner's office and headquarters of Jute Corporation of India and National Jute Board.