Indian, Sri Lankan tea industry to benefit from Kenyan crisis
Indian and Sri Lankan tea industry is all set to turn around due to the political instability in Kenya, the world's largest tea exporting nation.
By PTI |
COLOMBO: Indian and Sri Lankan tea industry is all set to turn around due to the political instability in Kenya, the world's largest tea exporting nation.
With thousands of tea sector workers fleeing from Kenyan plantations, the tea importers are looking towards India and Sri Lanka as an alternative.
The drop in tea production in India and Sri Lanka and the rise in demand due to low availability in Kenya are also expected to benefit the tea industry on the price front, according to officials.
According to Indian Tea Association figures, the country's tea production in 2007 season is estimated to have declined to 940 million kg (mkg) from 957 mkg in 2006.
In the Island country too, the cumulative tea production dropped by 5.8 per cent to 272.6 mkg during the period between January and November, 2007.
While according to statistics, Sri Lanka's tea exports fell from 262.47 mkg in 2006 to 244.58 mkg in 2007.
With thousands of tea sector workers fleeing from Kenyan plantations, the tea importers are looking towards India and Sri Lanka as an alternative.
The drop in tea production in India and Sri Lanka and the rise in demand due to low availability in Kenya are also expected to benefit the tea industry on the price front, according to officials.
According to Indian Tea Association figures, the country's tea production in 2007 season is estimated to have declined to 940 million kg (mkg) from 957 mkg in 2006.
In the Island country too, the cumulative tea production dropped by 5.8 per cent to 272.6 mkg during the period between January and November, 2007.
While according to statistics, Sri Lanka's tea exports fell from 262.47 mkg in 2006 to 244.58 mkg in 2007.
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