Tea production in the Nilgiris down 11% till May

Jannie Delucca

Output of tea in The Nilgiris, the most significant tea developing district in the South, has fallen until May compared to the exact same period of time of last yr as also the ordinary as measured by the 5-yr imply for the period of time.

Tea corporations in The Nilgiris have educated Tea Board that their output in May has fallen to .seventy three million kg (mkg) from one.thirteen mkg in May 2019. This marked a significant drop of 35.40 for each cent.

The reduction was a great deal much more at 48.59 for each cent compared to the ordinary manufacturing of one.42 mkg for the thirty day period.

Consequently, in the 5 months, tea output has declined to 4.68 mkg from five.25 mkg, marking a reduction of 10.86 for each cent.

The reduction was a great deal much more at eighteen.32 for each cent compared to the ordinary manufacturing

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Libbey Files Chapter 11 Amid ‘Dramatic’ Slump

Jannie Delucca

Libbey, a person of the world’s premier makers of glass tableware, filed Chapter eleven bankruptcy on Monday, citing the “unprecedented” impact of the coronavirus pandemic on demand for its merchandise.

The corporation experienced been pursuing a restructuring of its harmony sheet even ahead of the pandemic pressured it to close its factories in Toledo, Ohio, and Shreveport, La., and virtually shut down its restaurant sales channel.

A 7-calendar year, $440 million bank loan was scheduled to experienced past thirty day period.

But Libbey explained Monday that it experienced been “unable to offset the steep decrease in sales” resulting from the pandemic, leaving it with no option but to file bankruptcy for the to start with time in its 202-calendar year history.

“While we entered 2020 with positive momentum from our sturdy finish in 2019, the spectacular and extended impact of COVID-19 on the demand for our merchandise and on our

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