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India s tea output drops 9.7% in 2020, raises prices to record high
The price rise supported the beleaguered Indian tea industry, which was struggling with rising production costs, but trimmed exports from the south Asian country
PTI | February 5, 2021 | Updated 09:26 IST
Lower output lifted average tea prices in 2020 by 31% from a year ago to a record 184.69 rupees ($2.53) a kg, according to data compiled by the Tea Board
Indian tea production in 2020 fell 9.7% from a year ago due to heavy flooding and coronavirus movement restrictions, lifting average prices by nearly a third to a record high, the state-run Tea Board said on Thursday. The price rise supported the beleaguered Indian tea industry, which was struggling with rising production costs, but trimmed exports from the south Asian country.