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Drought in Kenya may boost India’s tea shipments

A recent dry spell in Kenya is likely to benefit tea exporters as shipments from the world’s biggest tea trader are expected to be hit on account of crop damage.

Planters are hoping that the fall in shipments from Kenya will open up a window of opportunity as good rains improve output prospects further. Analysts have estimated a rise of about a tenth in tea exports this year. India is currently the world’s No. 2 tea producer.

"The shortfall in Kenyan production is pushing up prices there, and it will start reflecting in the Indian market in the coming months," a tea planter said.

Source : Exim News Service - MUMBAI, May 4

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