With Kenyan coffee and tea prices shooting up by 25 per cent at $2.92 a kilo in last month's auction, the Indian tea industry can look ahead to increase its exports with a competitive edge, offering tea at an average price of $1.8 a kilo. However, the strong rupee and concern over production might play spoilsport.
Indian tea companies have projected low production volumes in Kenya which could keep their auction prices up. In case Indian tea production remains buoyant this year, then Indian tea will be able to make inroads into Kenyan export markets such as Russia, the UAE, the UK, the USA and Egypt.
Along with Kenya and India, the top tea exporters are:
1. China
2. Sri Lanka
3. Vietnam
4. Turkey
5. Iran
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