InvestorQ : How do you see the tea companies like McLeod Russell, Warren Tea in the light of the latest Chinese incursion problems?
sara Kunju made post

How do you see the tea companies like McLeod Russell, Warren Tea in the light of the latest Chinese incursion problems?

Answer
user profile image
4 months ago


India tea trade is expected to take a beating on account of worsening Indo-China relations following intrusions in the border in Ladakh as China was buying a key tea buyer for Indian companies. In the last five years, China has emerged as the third largest importer of Indian tea. However, producers and exporters worry that worsening relations may affect trade. Production this year has suffered and there is high demand in the market for Indian tea. Even if the trade gets affected in one global market, there are likely to be other takers. In Assam and West Bengal production of tea fell by 65% during March-April and decline by 50% during May.