Tea exports from India are set to feel the jitters of the coronavirus outbreak as shipments in crucial export zones are likely to shrink substantially. The Tea Board has raised an alarm, calling for an exporters’ meet this week to find a solution to the crisis.
“Looking at the trends arising out of the coronavirus outbreak and other factors, we feel that the tea sector is headed for a huge crisis this year. Already, there is financial stress in the sector and it may worsen this year,” A K Ray, deputy chairman of the Tea Board, told Business Standard.
The alarm follows