{"id":264398,"date":"2023-10-13T03:13:02","date_gmt":"2023-10-13T03:13:02","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=264398"},"modified":"2023-10-14T03:15:53","modified_gmt":"2023-10-14T03:15:53","slug":"tea-industry-in-acute-financial-crisis-says-indian-tea-association-in-a-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/tea-industry-in-acute-financial-crisis-says-indian-tea-association-in-a-report\/","title":{"rendered":"Tea industry in \u2018acute financial crisis\u2019, says Indian Tea Association in a report"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cTea industry in \u2018acute financial crisis\u2019, says Indian Tea Association in a report\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>\u201cThe Hindu\u201d on 13th October 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Indian Tea Association (ITA), a leading body of tea planters has released a status paper titled \u2018Tea scenario 2023\u2019.<\/span><\/p>\n<h2><b>What are the issues faced by the Tea Industry in India?<\/b><\/h2>\n<p><b>Tea prices: <\/b><span style=\"font-weight: 400;\">Over the past decade, tea prices have increased by about 4% annually.In contrast, the costs of important inputs like coal and gas prices increased by nearly 9-15% each year during the same period.<\/span><\/p>\n<p><b>Surplus Tea Production: <\/b><span style=\"font-weight: 400;\">The Tea Industry has seen a significant increase in tea production due to the emergence of small tea growers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 This has led to an oversupply of tea because domestic consumption and exports haven&#8217;t grown enough to absorb it.<\/span><\/p>\n<p><b>Tea Exports declined:<\/b><span style=\"font-weight: 400;\"> In 2022, tea exports showed an improvement.However, in the first seven months of 2023, there was a drop in tea exports.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 This was due to the decline in tea exports to Iran, which make up nearly 20% of India&#8217;s tea exports.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cTea industry in \u2018acute financial crisis\u2019, says Indian Tea Association in a report\u201d published in \u201cThe Hindu\u201d on 13th October 2023 What is the News? The Indian Tea Association (ITA), a leading body of tea planters has released a status paper titled \u2018Tea scenario 2023\u2019. What are&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/tea-industry-in-acute-financial-crisis-says-indian-tea-association-in-a-report\/\">Continue reading <span class=\"screen-reader-text\">Tea industry in \u2018acute financial crisis\u2019, says Indian Tea Association in a report<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,1566,9],"tags":[11872],"class_list":["post-264398","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-daily-factly-articles","category-public","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":{"total":563,"cached_at":"","cached_date":1703663808},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/264398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=264398"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/264398\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=264398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=264398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=264398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}