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The ITA in its status paper 'Tea scenario 2023' said while tea prices increased at a compounded annual growth rate (CAGR) of around four per cent over the last decade, costs of vital inputs like coal and gas among others grew at a CAGR of nine per cent to 15 per cent during the same period.

Indian tea should have a strong market, but every year ends with dismal news. Plantations closing. Countries like Nepal and Sri Lanka cutting into export markets. Traditional bulk consumers like Russia and Iran reducing imports. And climate change threatening everything.

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