India’s Tea exports rise 5.76% in H1

India’s tea exports rose by 5.76% to 97.44 million kg (mkg) in the first half of calendar 2016, according to the Tea Board of India. During the first half of 2015, volume of Tea shipped was at 92.13 mkg.

Tea Board of India expects Tea exports in the current calendar to be higher than last year both in terms of volume and value, based on the performance so far. The exports during the period fetched an average price of 191.11 a kg which was at 175.76 during last year.

Demand for Tea is high in many importing countries which will be beneficial for high exports from India. The overall earnings increased by 15% in the first half of the year to 1,862.21 crore from 1,619.30 crore during same period last year.