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Tea exporters cautiously optimistic as Israel-Iran truce lifts demand
Business Standard
|June 28, 2025
The ceasefire in the Israel-Iran conflict has brought a sense of cautious optimism among Indian tea producers and exporters, who had seen orthodox tea prices slide amid the rising tensions.
After the fall, orthodox tea prices are showing signs of recovery even as exporters and traders reassess the risks and demand outlook.
At the Kolkata auctions held this week, the average price of orthodox leaf teas was ₹290.66 per kg compared to ₹269.40 last week. Moreover, 78.55 per cent of the teas on offer were sold at the auction held on June 24 and 25 against 49.26 per cent last week.
Anshuman Kanoria, chairman, Indian Tea Exporters Association said that a high percentage of the teas were unsold last week as exporters were in a "wait-and-watch" mode.
He said, "But the moment the ceasefire announcement came on Tuesday morning, ahead of the auction, demand picked up. Buying has resumed for the pending orders from Iran and there is optimism."
Diese Geschichte stammt aus der June 28, 2025-Ausgabe von Business Standard.
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