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McLeod Russel has been pruning down gardens to help lower its debt and enhance investments in some of its existing gardens as well as channelizing it towards the packet tea business
The rehabilitation of tea plantations will enter an active phase in 2021, in Georgia. Within the framework of the "Georgian Tea" program, it is planned to rehabilitate 1,200 hectares of privately owned state-owned wild tea plantations, promote the growth of local tea production and increase the export potential. Tengiz Svanidze, head of the Association of Tea Producers, told Business Partner that Georgian tea is of high quality and in high demand on the world market, although small local production does not meet their requirements. "Georgia produces 265 tons of black and green tea annually. A...