India's tea exports drop a hefty 19%
India's Tea Board has announced that country's exports have dropped by 19 percent in volume during the first five months of this year. Strong domestic demand and low output, caused by unfavorable weather conditions, have weighed on the exports. Total exports during January-May were 60 million kg compared with 73 million kg for the same period last year. However, during this period, the value of exports rose by 7 percent. Production during the first five months fell 10 percent to 215 million kg.