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Is the Indian Tea Industry at a crossroads?
BUSINESS ECONOMICS
|May 01 - 31, 2024
The Indian tea industry marks a significant milestone this year as it celebrates two centuries of journey since its inception.
Originating in Assam, India, the tea plantation industry has reached its bicentennial milestone. Assam alone contributes over 52% of India’s tea production, amounting to approximately 630 to 700 million kilograms (mkg). India ranks as the world's second-largest tea producer, trailing only China. While China specializes in green tea production, India predominantly produces black tea, with green tea comprising only 10% of its output. Notably, India boasts a robust domestic market for its tea, with exports accounting for just over 15% of total production. The rise of small tea growers has significantly contributed to India's tea production, nearly matching the output of estate growers.
Concerns Over Stagnant Production, Prices, and Exports
This story is from the May 01 - 31, 2024 edition of BUSINESS ECONOMICS.
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