Tea production up by 6.5 per cent in July 2000
Contributing to the higher output trend during the current year, tea production increased by 6.5 per cent to 106 million kg in July, 2000 against same period last year. The production increase resulted in a growth of 8.2 per cent to 395 million kg during January-July, 2000, according to a report by Indian Tea Association (ITA). The increase in production during the first seven months was mainly due to a better harvest of the Orthodox category which shot up to about 49 million kg from 34 million kg last year.The production of CTC tea increased by about 15 million kg while other categories witnessed a marginal rise over the period. However, the output increase during the month in tea estates of north-east and eastern India was somewhat offset by a decline in production in Tamil Nadu, Kerala and Karnataka, which together witnessed a fall by 2.6 million kg over July, 1999.
Yarn prices recover
Prices of selective hank, cone and hosiery yarns recovered on the local cotton yarn market on Friday following renewed enquiries from handlooms and powerloom industries and finished with overnight gains. Volume of business also picked-up.Traders said restricted arrivals of stocks from Panipat and other producing regions influenced trading sentiments. In the hank yarn section, Bhatinda 2/20 count quoted Rs 5 higher at Rs 390 per 4.54 kilos bundle on handlooms and powerloom units buying. In the cone yarn group, Hindustan Fibre 4 and 6 count quoted Rs 7 each higher at Rs 205 and Rs 225 per five kilos bundle respectively on fresh B buying. Mahavir 40 count yarn, in the hosiery yarn section, finished Rs 5 higher at Rs 725 per five kilos bundle on increased enquiries from hosieries.2-count 121 and Govind 2 count 110-122.
hank yarn: (per 4.54 kilos) jind 6-count 268 Annapurna 6-count 273 Gulabpura 10-count 300, Gulabpura 20-count 374 Kathua 2/6 count 226 and Bhatinda 2/20 count 390.
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