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16 December 1998 BUMPER TEA CROPS TRANSLATE TO LOWER PRICES BUMPER tea crops in India, Kenya and Sri Lanka have led to falling tea prices at auction. High-quality teas are managing to
sustain their premium price, according to J Thomas, the worlds largest tea-broking firm. Russias return to the Indian and Sri Lankan auction centres in November has also bolstered prices of
medium grades of orthodox and CTC (crush, tear and curl) teas to recover. India increased total tea exports by 8.36m kg to 171.10m kg in the first 10 months of 1998. Growth in demand came
from Iraq, the UK, Ireland, Saudi Arabia, the UAE, the US and Japan. _ * Financial Times 16/12/98 page 32 _
