The media learned about the warning of suppliers about the rise in price of tea in Russia

Published 2021년 5월 19일

Tridge summary

Suppliers have announced that the price of black tea is expected to increase by 12% due to the potential closure of large tea plantations in Assam and West Bengal, India, caused by the COVID-19 epidemic. The situation is worsened by a severe drought. The Russian association 'Rosteaikof' is planning to appeal to the Russian leadership for a reduction in the VAT for producers to 10% in the event of a sharp rise in tea prices. The epidemic and drought have led to concerns about the upcoming harvest, which could further impact retail prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Suppliers have warned retailers about the impending rise in price of black tea by 12%. This was reported by "Kommersant" with reference to one of the major retailers. According to the newspaper, the goods will be impaired due to the possible closure of large tea plantations in the Indian provinces of Assam and West Bengal against the background of a difficult epidemiological situation in the region. The newspaper notes that retail prices are likely to rise in the fall as the harvest takes place in the summer months. In "Rosteaikof" the publication was informed that in the event of a sharp rise in the price of tea, the association intends to appeal to the Russian leadership with a proposal to reduce the VAT for producers to 10%. Earlier, the Financial Times wrote that the plantations of Assam and West Bengal were on the verge of closure due to the massive infection of workers with coronavirus. A total of about 500 cases of COVID-19 have been reported across 90 tea estates in ...
Source: Kvedomosti

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