India’s tea exports to the West drop
The Tea Association of India has announced that the global economic crisis has adversely affected the export of tea to the United Kingdom, Russia and other European countries. Although this years exports reached 156 million kg compared to 140 million kg last year, this upward trend has dramatically slowed down in the past couple of months owing to economic uncertainty. Domestic tea prices remain under pressure because of declining exports in the recent past, creating an oversupply in the domestic market.