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India’s tea exports jump 6.6% in Jan-Oct period

01 Dec 2017 Evaluate

India’s tea exports in first ten months of 2017 jumped by 6.6% and stood at 189.68 million kg compared to 178 million kg. The total export in terms of revenues stood at Rs 3,724.34 crore, and the unit price realization is Rs 196.35 per kg.

As per data compiled by the state-run Tea Board, this growth is on account of more purchase by Iran and China. Iran bought 20.98 million kg tea during the period, up from 18.67 million kg a year ago, while China purchased 6.36 million kg compared to 4.03 million kg.

India, the world’s second-biggest tea producer, exports CTC (crush-tear-curl) grade mainly to Egypt, Pakistan and the UK, and the orthodox variety to Iraq, Iran and Russia.

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