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Wednesday, October 16, 2024

Tea production in India fell by 16.7% in October, driving up prices.

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The Tea Board, which is managed by the Indian government, said that India’s tea production in October fell by 16.7% compared to the same month a year earlier, reaching 160.67 million kg. This decrease can be attributed to a precipitous fall in output in the most productive growing state of Assam.

According to the board, production in the state of Assam, which is located in the north-eastern part of the country and is responsible for more than half of the country’s production, decreased by 20% from the previous year to 89.60 million kg. The months of June through October are typically the most productive months for harvesting tea in India, which is the world’s second-largest producer of tea.

The Tea Board said that the average price of a kilogram of tea in October reached 185.16 rupees, which is about similar to the United States dollar amount of $2.28. This is a 10.5% increase from the previous year’s total.

The country’s primary export destinations for the CTC (crush-tear-curl) grade are Egypt and the United Kingdom. The orthodox variety is sent to Iraq, Iran, and Russia. ($1 = 81.1570 Indian rupees).

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