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Tea industry heading towards crisis: Planters’ body

Tea industry heading towards crisis Planters' body

Business

Tea industry heading towards crisis: Planters’ body

The Tea Association of India (TAI) has expressed concern over decline in prices and drop in production, and cautioned that the industry could be heading towards a crisis. Secretary General of TAI, P K Bhattacharya, said there has been a substantial drop in tea prices during November, both in Assam and West Bengal.



Input prices have also seen a steep rise, the planters’ body said. It said the total projected crop in 2021 is 1,330 million kg, a decline from 1,400 million kg in 2020, due to poor weather conditions and pest-related issues. Bhattacharya said around 28 per cent of the crop is produced between October and mid-December.


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He said coupled with the price decline, wages have also risen – 201 per cent in West Bengal from 2011-2021 and 186 per cent in Assam during the same period.


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