Kenya taking over global markets, Indian tea producers look inward for price recovery
SECTIONS
Share
Synopsis
In 2020, tea production India fell due to the lockdown. Once the lockdown was withdrawn, it took almost a month for the bushes to come in shape to generate fresh tea leaves and buds. In 2019, India had produced 1,390 million kg of teas.
Agencies
Payments from Iran remains a problematic issue, especially since Iran is one of the biggest export markets for Indian teas.
KOLKATA: As Kenya is flooding the global black tea consuming markets with the commodity due to higher production in the country, Indian tea producers are relying more on the domestic market this year for better price recovery. Tea prices have already gone up 20% in the past three months and are expected to remain firm owing to scarce supply.