Presented By:

Abhik Das(011102033) Abir Chowdhury (011102030) Diptarka Sinha(011102017) Koel Banerjee(011102013) Arindam Chowdhury(011102041)

Tea was discovered accidentally by Emperor Shen Nung back in 2700BC It is said that the first shipment of tea, two pounds and two ounces, arrived in England and was given to Charles II(1630-1685). In 1678, the first substantial shipment of tea arrived in Britain. By 1710, British trade with the Chinese at Canton assumed a stable source of tea for future export

In 1834, Lord William Bentinck (1774-1839) submitted to the Company`s Council of Directors, a memorandum on the potential for initiating a tea industry in India. In 1835, first cultivated as a garden crop, India tea emerged over the next three decades as an important industry in Assam During 1834, William Carr and Dwarkanath Tagore (1794-1836) launched the Carr, Tagore & Co. at Calcutta with exporting as its main business.

In 1835 the English East India Company, upon discovery of an indigenous variety of Camellia Sinensis in Assam , India , established their first experimental tea plantation there. It was largely unsuccessful at the beginning. In 1856 varieties of tea from the Yunnan and Keemun provinces of China were introduced in Darjeeling, India, and soon thrived. Some of the most prized and expensive Indian black teas come from this high mountain region.

Report says ,The Indian tea industry had positive tidings in 2008, low carry-forward stock from the previous (2007) season, steadily increasing domestic demand, and shortfall in production in many countries Average domestic prices during 2008 were up by around 28% over the previous year In the current fiscal, that is FY2009-10, the estimated shortage of carry-forward stocks, increase in consumption and shortfall in production, both in India as well as globally, have resulted in tea prices increasing

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1999 onwards the decline in average prices was sharper and of a longer durationsupply from Kenya and Sri Lanka, Indias two main rivals ,in the exports market Lack of marketing initiative by the Indian players to look for export markets Proliferation of small growers and bought-out leaf factories Failure to check spurious varieties of tea from being traded as premium tea (which affected the image of Indian teas in the export market) Higher cost of production of tea in India as compared to Sri Lanka and Kenya

The gradual depletion in pipeline stock since 2003, following a secular increase in domestic consumption on the one hand and muted increase in production on the other, has been the main factor supporting the increase in tea prices from 2006 onwards. According to ICRAs estimates, while the average growth in production during the period 2003-07 was just 1.9% or so, domestic consumption would have increased annually at around 3.5% during the same period. The steady increase in domestic demand, range-bound export volumes and low growth in production absorbed the pipeline stock over the years and left virtually no carry-forward stock at the end of the 2007 season.

In 2003, world tea production was 3.21 million tonnes annually. In 2008, world tea production reached over 4.73 million tonnes. The largest producers of tea are China, India, Kenya, Sri Lanka, and Turkey.

Country China India Kenya Sri Lanka Turkey Vietnam Indonesia Japan Argentina Iran Bangladesh Malawi Uganda Other countries Total

2006 (T) 1,047,345 928,000 310,580 310,800 201,866 151,000 146,858 91,800 72,129 59,180 58,000 45,009 34,334 189,551 3,646,452

2007 (T) 1,183,002 949,220 369,600 305,220 206,160 164,000 150,224 94,100 76,000 60,000 58,500 46,000 44,923 193,782 3,887,308

2008 (T) 1,257,384 805,180 345,800 318,470 1,100,257 174,900 150,851 94,100 76,000 60,000 59,000 46,000 42,808 205,211 4,735,961

Worldwide tea production in 2008 was over 4.7 million tons .The greatest production was from China, which generated (26%) of the total world production. India , Turkey, Sri Lanka, and Kenya account for 17%,23% , 6%, 7% of the total production. In 2000, India was the leading black tea producer (815,000 tons, 38% of total black tea production), while China produced the most green tea(500,000 tons, 73% of total green tea production) (FAO2001). Exports totaled 1.4 million tons in 2001, with the top four exporting nations, Sri Lanka, Kenya, China, and India, accounting for (respectively) 21, 18, 18, and 13 percent of the exports.