Covid pandemic, Russia-Ukraine conflict impacting export: Tea industry body

A body of tea planters on Saturday said exports of the commodity will be adversely impacted due to the Russia-Ukraine conflict. The shipment of Indian tea has already been hit by the COVID-19 pandemic, and the geopolitical situation after Russia's invasion of Ukraine would aggravate it further, Tea Association of India (TAI) president Ajay Jalan said. The payment issue with Iran, one of the largest importers of Indian tea, is also another challenge for tea exporters, he said. Addressing the 35th biennial general meeting of TAI, Assam Branch, Jalan said, "I stand before you at a critical juncture when the world is witnessing a major war in Europe wherein the Western countries have swiftly introduced draconian economic measures." The volume of India's tea export to countries in the Commonwealth of Independent States (CIS), including Russia, is 58-65 million kgs, he said, adding that "the war is bound to affect trade in this region". Coupled with the fact that India has an ongoing .

from News https://ift.tt/efiMVTu