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Sector Focus : Tea

Tea: State of the industry (2000-01)

  • Domestic demand for tea is expected to increase by 1.2 per cent, due to an increase in availability.
  • Domestic tea production is expected to increase by 3.7 per cent, due to favourable weather conditions.
  • Exports are expected to increase by 12.9 per cent, due to an increase in domestic production.
  • In the domestic and export markets, prices realisations declined, due to an increase in domestic supply and low international prices .
  • Cost of production of tea is expected to increase, due to an increase in labour costs.
  • Margins of tea producers are expected to decline due to the decline in domestic and export realisations, and higher costs of production.

    Imports from Sri Lanka, of less than 15 million kg during a calendar year, would be allowed at the rate of 12.6 per cent. Such imports would be routed only through the Calcutta and Kochi ports
    Tea: Duties and domestic prices

    (per cent)

    1999-2000

    2000-01

    Price type

    Domestic prices (Rs/kg)

     

    Customs

    Excise (Rs/kg)

    Customs1

    Excise (Rs/kg)

     

    Jan 2001

    Tea (CTC)

    16.5

    2.0

    44.0

    2.0

    Calcutta auction price

    90.20

    1 Imports from Sri Lanka, of less than 15 million kg during a calendar year, would be allowed at the rate of 12.6 per cent. Such imports would be routed only through the Calcutta and Kochi ports

    Note For 2000-01, the landed cost and customs duty include the SACD of 4 per cent, effective since 1999-2000. In 1999-2000, the SACD was applicable only for non-traders, and hence, has not been included in the customs duty.
    Compiled by CRIS INFACŪ

    Rediff-CRISIL Budget Impact Analysis
    Budget 2001

    Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site.