Indian tea prices surged by 18% during the January-October period of 2024 compared to the same timeframe last year. The production decline is largely attributed to adverse weather conditions in Assam and West Bengal, which have impacted yields. With tea manufacturing ceasing from December 1, 2024, India’s overall production for the year is expected to fall short of last year’s figures. While domestic prices have surged recently, the earnings gains are offset by the significant crop decline.
Regarding the exercise of routing 100% dust-grade tea through auction, it was stated that the same will be continued, to enable effective mapping of compliance and traceability. The meeting noted that price realizations of the dust grades have been favourable, post the introduction of 100% dust auctions. The Indian Tea Association has called for measures to stabilize the market as the sector navigates the dual challenges of reduced output and fluctuating prices.
Presentation -Dibyabharati Nayak
