Tea Biz News and Insight - October 14, 2022
HEAR THE HEADLINES – Dietary Recommendations Proposed for Flavanols found in Tea | The National Institutes of Health (NIH) to consider dietary recommendations for first bioactive compounds | Colombo Tea Auction Prices Reach an All-Time High | India Rolls Out a Digital Retail Network for Small Grocers | NEWSMAKER – Raj Vable, founder of Young Mountain Tea | FEATURE INTRO – This week, Tea Biz travels to the Himalayan peaks of Kumaon, India, where Raj Vable, founder of Young Mountain Tea, is helping finance the construction of a farmer-owned tea processing facility with a capacity of 75,000 metric tons per year ⎼ enough to sustain a village of several hundred workers. Building a Future and a Factory – Oregon-based Young Mountain Tea recently announced its latest funding of $1.1 million. The brand works closely with the tea community in Kumaon, India, offering growers a sales platform via Young Mountain Tea. India correspondent Aravinda Anantharaman met with Young Mountain's founder Raj Vable to discuss community and brand plans. Vable explains, "we wanted to find funding to launch a community-owned and operated factory not just to process tea but to empower farmers. We recognized that traditional venture capital funding was not appropriate. So, partnering with Frontier Co-Op, we secured a grant from USAID to build a factory co-owned by ourselves and local farmers." Support this podcast at — https://redcircle.com/tea-biz/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy