Indian tea industry recorded the highest ever production as well as export figures during the financial year 2017-18. The total tea production was 1,325.05 million kgs, an increase of 74.56 million kgs (5.96%) as compared to 2016-17.
Similarly, the total quantity of tea exported during the financial year 2017-18 stood at 256.57 million kgs, while the foreign exchange realized from exports of Indian tea was $785.92 million. The exports increased by 28.94 million kgs (12.71%) during 2017-18 as compared to the corresponding period last year, while the revenue earned from exports saw a rise of $95.19 million (13.78%). In rupee terms, the total value of the exports was pegged at Rs 5064.88 crore during 2017-18. The value realization increased by Rs 432.38 crore (9.33%).
The growth in exports was majorly driven by Egypt (increased by 7.49 million kgs), Iran (increased by 6.95 million kgs), Pakistan (increased by 4.96 million kgs), China (increased by 2.91 million kgs) and Russia (increased by 2.89 million kgs).
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