Tea sales hit by demonetisation - News Summed Up
Tea sales hit by demonetisation

Tea sales hit by demonetisation

November 25, 2016 04:24 UTC

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Tea sales hit by demonetisation


The tea industry as a whole is facing problems at every step, starting from plucking to selling post the demonetisation drive by the government. Satish Mittruka, a tea factory owner said, “Tea industry depends only on cash. “Our business won’t work with small currency notes as the payment takes place in lakhs and crores, and when the payments come in installments, then, it is creating problems. He further said that the consumers are postponing items like tea and are buying necessary items like wheat and floor. The tea traders are appealing to the government for some sort of redemption for the sake of the industry.


Source: Indian Express November 25, 2016 04:24 UTC



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