Business

Crisis in Kenya may push up tea prices

NEW DELHI: The cup that cheers is all set to become dearer. Being the world’s largest tea producer, India is looking to increasing its share in the export market as tea production in Kenya and other African countries is down by nearly 20 per cent.

“After December, there is a lull period of three months in tea production. Owing to the crisis in Kenya, there is a spurt in prices of tea and domestic prices of packet as well as loose tea will go up by about Rs. 40 a kg in the weeks to come,” M. C. Appaiah, Chief Operating Officer of Duncans Tea, told reporters here recently.

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