India's October tea output drops 16.7%, prices rise
Production in the north-eastern state of Assam, which accounts for more than half the country's production, dropped 20% year on year to 89.60 million kg, the board said. Tea plucking in India, the world's second-biggest tea producer, usually accel...
Production in the north-eastern state of Assam, which accounts for more than half the country's production, dropped 20% year on year to 89.60 million kg, the board said. Tea plucking in India, the world's second-biggest tea producer, usually accelerates from June to October.
Lower tea production lifted average tea prices in October to 185.16 rupees ($2.28) per kg, up 10.5% year on year, according to the Tea Board.
The country exports CTC (crush-tear-curl) grade mainly to Egypt and the United Kingdom, with the orthodox variety shipped to Iraq, Iran and Russia. ($1 = 81.1570 Indian rupees)
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