Russia: The rise of Covid-19 cases in India threatens to close tea plantations and cause an increase in prices

Published 2021년 5월 20일

Tridge summary

The article highlights the concerns in Russia regarding the potential impact of the Covid-19 pandemic on India's large tea plantations, which could lead to a significant increase in tea prices. Indian tea makes up about one-third of the Russian market, and suppliers warn of possible price hikes, potentially as high as last year's 30% increase, during the summer harvests. The article also mentions the possibility of a shift in supply to countries like Sri Lanka and Kenya, but experts doubt these supplies can match the quality of Indian tea. The concern is compounded by the recent price hikes of other basic food products in Russia, leading to government price regulation and raising worries about the impact on Russia's tea-drinking population.

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Original content

Massive cases of Covid-19 in India threaten to close the large tea plantations there and increase its prices, suppliers in Russia warn. Indian tea occupies a third of the Russian market. This would be another product whose prices have been rising recently. The main daily newspapers in Russia wrote about a possible increase in prices on Tuesday. Tea may become more expensive in the fall, according to suppliers, after the summer's biggest harvests. For now, it is difficult to say how big this jump in prices could be. Maria Drabowa, a representative of Orimi Trade, which produces several tea brands in Russia, did not rule out that India may stop exporting. It was similar last year and the prices of the raw material sometimes increased by as much as 30%. compared to the pre-pandemic period. While Russia is one of the main importers of Indian tea, it is Sri Lanka not India but the largest share of the Russian tea market. The Russian Ministry of Agriculture and some experts estimate ...

Source: SwiatRolnika