Tea prices rise as floods, Covid-19 take a toll on production, inventory

According to All India Tea Traders Association and Gujarat Tea Traders Association, prices have shot up due to a fall in production and inventory levels, along with healthy demand for tea

With the Assam floods adding to the woes of the tea industry, already reeling under impact of the months-long lockdown, tea production has taken a hit of at least 10 per cent bringing down inventory levels. Fall in production, coupled with impact of extreme weather on inventory, has led to tea prices rising by anywhere between Rs 100 per kg to Rs 150 per kg at farm gate and wholesale levels.

According to All India Tea Traders Association and Gujarat Tea Traders Association, prices have shot up due to a fall in production and inventory levels, along with healthy demand for