Tea Prices Plunge as Demand Dissipates



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"Prices plunging"

To provide some perspective, auction prices have fallen in line with, perhaps a few cents more than previous years in Kolkata/Guwahati. Auction sizes are currently tiny and few teas on offer are of export quality. Yes - there is over-production and a large carryover, but this is mainly CTC types, not the Orthodox teas which Iran buys. Some context and cooler heads/clearer eyes are required when looking at tea markets.

Jem McDowall, New York more than 1 year ago

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