Coronavirus lockdown buoys Indian tea prices as domestic demand increases
Tue, Nov 3, 2020 3:28 AM

Coronavirus lockdown buoys Indian tea prices as domestic demand increases

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A 15% lower production and higher domestic demand due to lockdown have helped Indian tea prices gain this year. The South Indian tea industry has benefitted from this with prices at the auctions topping Rs 150 a kg. According to Indian Tea Board data, the country’s tea production during the January-September this calendar year was 856.90 million kg against 1007.22 million kg a year ago.

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