By
Oct 09, 2019 1:26 PM
The considerable uptick in prices of orthodox tea since the beginning of this year notwithstanding, the overall prices of North Indian bulk tea may witness only a marginal increase.
According to a recent report by ICRA, prices of the orthodox variety of teas witnessed a sharp increase of around 15 per cent on healthy demand, primarily from Iran, in the first five months of FY20. However, prices of CTC tea continued to remain under pressure with those produced in the bought leaf factories witnessing a price decline of around 10 per cent, while those of tea produced in estates remaining flat.