Summary
Drier weather and changing climate patterns are affecting tea production in India, leading to reduced exports and potentially higher global prices. India's internal tea consumption is growing, which may reduce the amount available for export from the world's second-largest tea producer. These factors could change the global tea market, raising costs for tea buyers worldwide.
Key Facts
- India's tea production faces challenges due to drier weather and changing rainfall patterns.
- Assam and Darjeeling in India are key tea regions affected by these climate changes.
- India is the world's second-largest producer of tea and exports made up 12% of global trade last year.
- Declining tea production in India could lead to higher global tea prices.
- Domestic tea consumption in India increased by 23% in the last decade.
- India's tea production has grown by only 6.3% over the same period.
- Rising costs for tea production include increased wages and fertilizer prices.
