Tea News for the week ending June 23
| Consultants BDO India has six months to complete an extensive report on cultivation and processing costs
| US Fast-food Outlets Have Yet to Rollout Boba Nationally
| The European Speciality Tea Association Offers Tea Barista Foundation Certificates to Coffee Shop Staff
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Tea Biz travels to Sri Lanka to attend the Dilmah School of Tea hosted by Dilmah Ceylon Tea Company CEO Dilhan C. Fernando. The school teaches that knowledge inspires passion. In this interview, Fernando shares his passion for modernizing the tea experience for consumers ordering tea at restaurants, hotels, and resorts.
Listen to the Interview
India Tea Board to Review Tea Price-Sharing Formula
By Dan Bolton
Raw leaf price sharing, implemented in 2004 and revised in 2013, protects tea smallholders and ensures that bought leaf factories (BLF) retain enough of the final auction price to operate profitably.
This week the Tea Board of India hired consulting firm BDO India to review the current split, which varies by region—smallholders in the West Bengal tea belt currently receive 58%, and BLFs received 42% of the average auction price paid for tea. In Assam, the formula is 60% for STGs (small tea growers) and 40% for the factories that process smallholder tea.
Bijoy Gopal Chakraborty, President of CISTA (Confederation of Indian Small Tea Growers Association), has pressed for a revision of the formula for several years.