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Indian Tea Prices rose due to supply constraints
Adverse climatic conditions took its toll on India’s productions of important agri-commodities like tea. Tea witnessed buoyancy on the back of lower productions mainly due to unfavorable
climatic conditions.
For the just-concluded year, overall tea production is likely to be lower by more than 100 million kgscompared to 2023’s output of 1,393.66 million kgs.
Due to increase in shipments to Iran and Iraq, the tea industry has also witnessed higher exports
despite geopolitical tensions and export of the brew could be in therange of 245-260 million kgs in 2024 compared with 231.69 million kgs last year.
In the last year,India was able to capture a lot of overseas markets from Sri Lankan exporters, particularlythe Iraq market. And that was a real increase in 2024. 2025 also looks promising.
Source: Hindu Business online (Extracts), Courtesy: Tea Exporters’ Association Sri Lanka
About F&W
Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down Read More...