At a time when tea companies were just starting to recover from a Rs 2100 crore loss owing to production shortage because of the lockdown and other Covid-19 related disruptions, rains and floods are poised to aggravate the situation further thereby deepening the revenue loss.
Over the course of the next few days, heavy rains and flood alerts have been issued in Assam and West Bengal, the major tea producing belt in the country. The rains and floods are expected to destroy around 10 million kg (mkg) of crop. At last year’s auction prices, 10 mkg loss would translate into