Brewing woes: India's tea prices are rising amid output shortfall of ‘15 to 20 million kgs’
Reuters
July 8, 2024 1:52 PM IST
The price rise could support the beleaguered Indian tea industry, which has been struggling with rising production costs.
India's tea production in May plunged more than 30% from a year earlier to 90.92 million kg, its lowest for that month in more than a decade, hurt by excessive heat and scant rainfall.
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