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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Kochi Auctions: Orthodox tea demand stays firm on export ...
2026-04-24 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Widespread export enquiries are continuing to buoy demand for orthodox tea at the Kochi auctions, leading to improved sales and a drop in unsold quantities.

In Sale 17, whole leaf varieties ruled firm to dearer, supported by active buying interest from CIS nations and neighbouring countries. Of the 2,73,934 kg of orthodox leaf offered, around 92 per cent was sold. Overall unsold quantities for both orthodox and CTC teas stood at just 9 per cent, according to Forbes, Ewart & Figgis.

Anil George, president of Tea Trade Association of Cochin, said orthodox teas continue to show resilience, backed by consistent demand, evolving trade channels, and strong market absorption, pointing to a positive outlook. However, plantation conditions remain under strain due to rainfall deficit and rising temperatures, which have impacted crop output. Some relief has come from scattered summer showers in select estates.

MRL compliance

Market dynamics are also shifting, with new direct buyers emerging from the EU bloc, including countries in the Nordic region and Denmark. N Lakshmanan Chettiar of Golden Hills Estates Pvt Ltd, said Kochi has gained credibility as a reliable alternative sourcing hub to Sri Lanka, particularly due to South India’s strong compliance with stringent EU norms on maximum residue levels (MRL).

Meanwhile, the CTC dust market opened ₹5 to ₹7 lower for liquoring teas and the market remained barely steady as the sale progressed. The offered quantity was 7,07,596 kg, registering a sales percentage of 84. Kerala loose tea traders and upcountry buyers were active compared to previous sales.

Orthodox dust market was firm to dearer with a 95 per cent sales out of the offered quantity of 7,800 kg.

Published on April 24, 2026