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HinduBusinessLine

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Tea prices fall at North India auction centres amid higher production, imports from Kenya

  • Tea prices have fallen at North India auction centres due to higher production and increased imports of cheap Kenyan teas.
  • The quantity of tea sold at auction centres in Guwahati, Siliguri, and Kolkata increased to 51.79 million kgs this year from 39.42 mkg last year during the same period.
  • Average prices realized in sale nos 24 to 28 showed decreases in the three North India auction centres, with price declines ranging from 2% to 15% year-on-year.
  • Industry observers attribute the lower prices to the higher quantity of tea sold, increased domestic production, rising imports from Kenya, and concerns about pesticide residue compliance in certain gardens.

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