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After showing a declining trend in the first four months of the year, tea production rose 5 per cent to 76.17 million kg (mkg) during May 2011 from 72.62 mkg in the same month last year, owing to higher output in Assam and West Bengal.
As per Tea Board data, production in North India (including Assam and West Bengal) increased to 51.73 mkg from 47.4 mkg, but output fell in the southern part of the country to 24.43 mkg from 25.22 mkg. During January-May 2011, the production rose to 243.61 mkg from 234.93 mkg in the corresponding period of 2010.
Production in North India increased to 146.74 mkg in the first five months of this calendar year from 135.50 mkg in January-May 2010, but South India witnessed a decline in output to 96.87 mkg from 99.42 mkg.
The exports too went up marginally to 11.3 mkg in May 2011 from 11.2 mkg in May 2010. However, exports during January-May period of 2011 fell to 62.28 mkg from 77.95 mkg in the corresponding period last year.
Production in Assam might have shown improvement in the month of May but experts are of the opinion that climatic changes in the Brahmaputra basin in near future may affect tea production in the region. Assam is the largest tea producing state of India and accounts for around 55 per cent of total tea produced in the country.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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