Tea and Coffee Scandal Hits Australia’s Largest Supermarket Chain
Thursday, March 4th, 2010 Posted in Intl Tea Trade, Tea in the News | No Comments »Top executive sacked as Australian police uncover alleged kickback scam at Woolworths. Woolworth executive, Bill Harvey, was held by police at the company’s headquarters last month amid an investigation into a “promotional surcharges” scheme which involved 15-20% surcharges being paid by ...
Tea Prices Fall as Strike Action Halts Distribution
Friday, February 19th, 2010 Posted in Africa, Intl Tea Trade, Tea in the News | 1 Comment »A strike over pay, last week, saw African tea prices fall as shipments were disrupted by workers picketing warehouses. Workers from tea warehouses in Mombasa staged a strike which lasted for four days, effectively shutting down the tea distribution network in ...
2010: The Teabag Comes Of Age
Monday, February 1st, 2010 Posted in Intl Tea Trade, Tea History | No Comments »Tea is reaching the end of a 50-year cycle of decline and the new decade will mark the moment when everything changed. Let me explain. The rise of convenience which brought the teabag to total domination of the tea market was excellent ...
Another Fall in Tea Prices, Mombasa Auction Report
Monday, January 25th, 2010 Posted in Intl Tea Trade, Tea in the News | No Comments »As expected, tea prices fell for a third consecutive week at the last Mombasa Tea auctions, the world’s biggest tea auction and a global indicator for prices around the world. The auction, which was held on the 18th and 19th of ...
Unilever PLC’s Lipton Ltd biggest buyer of African tea
Monday, January 11th, 2010 Posted in Intl Tea Trade, Tea in the News | 1 Comment »The latest report from African Tea Brokers Ltd reveals that Unilever PLC'S Lipton Ltd, which manufactures branded and packaged consumer goods, became the biggest buyer of African teas, specifically Kenyan produced teas, in 2009. Lipton Ltd bought almost 60 million kilograms of ...
Indian Tea Giant Set to Secure Major Deal in Uganda
Wednesday, January 6th, 2010 Posted in Indian Tea Industry, Intl Tea Trade, Tea in the News | No Comments »McLeod Russell continues its current domination of the tea industry with the purchase of James Finlay Ltd owned company, Rwenzori Tea Investments. The Ugandan company and its six tea estates sold for $30 million and is expected to have a turnover ...
Kenya Lobbies Pakistan Government for Reduction in Tea Import Duty
Friday, January 1st, 2010 Posted in Intl Tea Trade, Tea in the News | 1 Comment »The Tea Board of Kenya (TBK) is pushing for a review into import duty charges on tea coming into Pakistan in a bid to stop smuggling via the neighbouring country of Afghanistan. Twenty percent of all black tea sold within Pakistan ...
Sri Lanka to Bid for Exclusive Rights on ‘Ceylon Tea’
Wednesday, December 30th, 2009 Posted in Intl Tea Trade, Tea in the News | 4 Comments »Sri Lanka looks set to secure a claim, under the current World Trade Organisation’s (WTO) Trade-Related Aspects of Intellectual Property Rights (TRIPS), for Geographical Indicators (GI) to protect the prestigious wording: ‘Ceylon Tea’. The country already has existing rights, under intellectual ...
Tea Industries Stock Prices Soar
Monday, December 28th, 2009 Posted in Indian Tea Industry, Intl Tea Trade, Tea in the News | No Comments »Windfall gains for investors as the tea industry performs well in the stock market rally. The latest report from India sees the stocks of major tea companies soaring by about 200 – 450% since March 2009. Beating the benchmark indices by ...
African Tea Prices climb 3.1%, Mombasa Auction report
Friday, December 18th, 2009 Posted in Intl Tea Trade, Tea in the News | 2 Comments »3.1% rise in African tea prices seen at this week's Mombasa tea auction, fantastic news for a country that is currently suffering from one of the worst droughts in decades. Twice a week, Monday and Tuesday to be precise, the beautiful ...
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