Darjeeling tea industry expecting Rs 250 cr losses: Reports
11/07/2017
The Darjeeling tea industry has said that it is expecting a loss of Rs 250 crore due to the ongoing shutdown called by Gorkha Janmukti Morcha(GJM) which entered the 26th day today. Commenting on the issue, Darjeeling Tea Association(DTA) chairman Binod Mohan told the media, "The second flush tea is premium tea which is mostly exported. There is no production of the tea since the shutdown started. The expected loss will be Rs 250 crore." As per reports, the second flush season will last for another week. The variety is most sought after in the international markets and overseas buyers are very upset with the ongoing situation in the hills. "We fear that the overseas buyers may shift to other countries to fill in the vacuum. If this continues, they might even lose interest in the Darjeeling second flush variety," he said. Mohan said that the industry hopes that the all-party meeting called tomorrow at Darjeeling will give relaxation to the tea gardens.
11/07/2017
The Darjeeling tea industry has said that it is expecting a loss of Rs 250 crore due to the ongoing shutdown called by Gorkha Janmukti Morcha(GJM) which entered the 26th day today. Commenting on the issue, Darjeeling Tea Association(DTA) chairman Binod Mohan told the media, "The second flush tea is premium tea which is mostly exported. There is no production of the tea since the shutdown started. The expected loss will be Rs 250 crore." As per reports, the second flush season will last for another week. The variety is most sought after in the international markets and overseas buyers are very upset with the ongoing situation in the hills. "We fear that the overseas buyers may shift to other countries to fill in the vacuum. If this continues, they might even lose interest in the Darjeeling second flush variety," he said. Mohan said that the industry hopes that the all-party meeting called tomorrow at Darjeeling will give relaxation to the tea gardens.
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