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Indian tea companies look at increasing exports as Kenyan production falls

However, strong rupee, concerns over production at home may spoil the party

Avishek Rakshit  |  Kolkata 

With Kenyan tea prices shooting up by 25 per cent at $2.92 a kilo in last month's auction, the Indian tea industry can look ahead to increase its exports with a competitive edge, offering tea at an average price of $1.8 a kilo. However, the strong rupee and concern over production might play spoilsport. According to data from tea trading firm, Van Rees, Kenyan prices opened at $2.59 a kilo in the beginning of this year's auctions and surged 21 per cent to touch $3.12 due to shortage of production. In the same timeframe, Indian tea opened at $2.32 a kilo but fell sharply fell by ...

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First Published: Tue, April 18 2017. 01:40 IST
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