Affected by the epidemic, Russian tea prices may rise

The Russian "Kommersant" reported on May 18 that recently, due to the impact of the new crown pneumonia foodmate.
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The Russian Tea and foodmate.
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html" class="zdbq" title="Coffee-related food information" target="_blank">Coffee Association pointed out that summer is the peak period of tea harvest, and retail prices of tea products may not rise before autumn.
However, if tea prices rise sharply, the association intends to propose that the Russian government lower the value-added tax of tea producers by 10%.

 

　　Since the beginning of this year, suppliers have been trying to increase tea prices.
The current situation of the epidemic in India is severe.
More than 90 large plantations in Assam and West Bengal are facing closure, and tea prices are likely to rise.
Canturia, general manager of the Russian Tea and Coffee Association, said that Russia is a major tea importer, and 90% of tea imports are black tea.
In 2020, India produced a total of 1.
256 million tons of tea and Russia imported 147,000 tons.
June-August is the peak season for tea picking.
Retail prices may only be affected in September, but it is still difficult to predict whether they will rise.
Drapova, the representative of the Russian Orimi Trading Group, pointed out that the stagnation of tea picking in India in March 2020 led to a shortage of tea in the global market.
The price of tea rose by 30% from the level before the epidemic.
The possibility of a similar situation happening again cannot be ruled out.

 

　　For example, the rising trend of tea prices in the Russian market is gradually severe, and the Russian government may adopt price control measures such as sunflower oil and sugar to control the price of tea.
However, the Russian Ministry of Agriculture recently stated that the Russian tea market has not been affected by the epidemic in India and has seen sharp price increases and shortages of goods.
Russia can expand its procurement of black tea from Sri Lanka and Kenya to replace related products from India.
Canturia stated that the Russian Tea and Coffee Association intends to propose to the Russian Ministry of Agriculture and the Ministry of Finance a preferential value-added tax policy for tea producers, reducing the tax rate from 20% to 10%.
At present, the Russian government has adopted a value-added tax reduction and exemption policy for meat and meat products, fish, milk, sugar, salt and flour in order to stabilize product prices.