Category: Other

The decision by the Joint Ministerial Committee earlier this month was prompted by a recent delay in clearing a shipment of tea to the continent.The decision requires flavoured tea exporters to obtain clearance for their flavours and methodologies from the National Food Laboratories Indian Prevention of Food Adulteration Act. Exporters obtaining the clearance will then […]

VAT, which comes into effect from July 1, is slapped on tea exports.But the tea trade is against the move as it pushes the weekly tea auction prices up. Under the existing tax system, exporters are not required to pay 12.5 percent GST on the weekly tea auctions.Instead, GST is refunded whenever the trade purchases […]

The Indian tea industry is pushing forward a campaign to position the traditional brew as a lifestyle drink.An initial investment of Indian Rs. 20 million is being pumped in by the private sector for the nationwide campaign.The lifestyle campaign will is expected to increase per capita consumption levels from 0.660 grams per annum to 0.730 […]

In a decision made earlier this year the Cairo and Istanbul offices were closed down in view of relocating them to potential growth markets. Tea Board officials say the EU and the Far East including Australia and New Zealand accounted for a small percentage of Sri Lankan tea exports.Director, Tea Promotion Bureau, Hasitha de Alwis […]

Existing regulations restrict the import of teas for blending and re-export and specialty teas including green tea and CTC teas. Processed tea imports, black or green, Orthodox or CTC, whether in bulk or packaged form can only be imported subject to a 25 percent tariff duty.The joint committee recommendations are for allowing orthodox tea imports […]

This follows attempts to clamp down on illegal smuggling that has plagued the country quote s legal tea trade with imports falling by 12 percent in the first quarter of this year. Volumes of smuggled tea as at the end of the fiscal year 2001-02 is expected to range between 25,000 to 40,000 tons as […]

Tea imports into Pakistan fell by 12 percent in the first quarter this year to stand at 29.9 mn kilos. The lowered volumes mirror a booming market for smuggled tea, with as much as 30 mn kilos entering the country through illegal trade channels.Seizing opportunity, as one tea broker said, this could be the ideal […]

Software Developers E-Business Labs has entered into a Memorandum of Understanding (MOU) with industry apex body, the Colombo Tea Traders Association (CTTA). A mock system is to be developed within the next eight months to work through teething problems and pitfalls before possible implementation, CTTA Chairman, Mahen Dayananda told Lanka Business Online in an interview. […]

Information is sent out in a segmented form according to the needs of different user categories such as superintendents, CEO, division managers and buyers and so forth, F&W said in a release. rnrnJointly developed by F&W and Dialog GSM, the new service of segmented information ensures that customers are not inundated by unessential information but […]

Bad weather took production figures for January down by 5 percent to 25 mn kilos, over last January quote s record volume of 27 mn kilos. Brokers however are concerned that rather than a single instance, Sri Lanka quote s tea production has been declining since November 2001. The lower January figure was the result […]