According to news published on Bloomberg, India, the second largest Tea Producer is facing output problems. India produced 584.9 million kilos in the January-to-August period, 1.7 percent lower than a year ago, the tea board said yesterday.
Sri Lanka’s tea Production increased 21 percent to 221.3 million kilograms from January to September, data from the Sri Lanka tea board show. Sri Lanka is the second largest Black Tea Producer, next to Kenya. Indian tea prices expected to climb as labor costs rise and crop damage from pest attacks widens a production deficit.