Tea exports fall in first 11 months of 2019

Economy


Kolkata:
Exports
of
tea during the
first
11
months
of
2019 has seen a marginal decline compared to the same period
in 2018 although the value realisation has been higher, according to
Tea Board data.

For the period January to November
2019,
tea
exports stood at 227.71 million kg as compared to 231.36 million kg during the same period
in 2018.

Tea Board deputy chairman Arun Kumar Ray told PTI ”
exports have seen a marginal decline
in the
first
11
months
of
2019 as compared to the same period
in 2018. But value realisation has been higher
in
2019“.

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He said, “compared to the overall
exports scenario
of the country, the
tea sector has not done very badly
in terms
of value realisation”.

During January to November
2019, value realisation from
tea
exports stood at Rs 3,740 crore as compared to Rs 3,537 crore
in 2018.

The major export destinations were the CIS countries which saw an offtake
of 52.80 million kg last year which was lower than 56.59 million kg
in the
first
11
months
of 2018.

Iran was a major export destination
of Indian
tea after CIS countries.

Exports to Iran during the period January to November
2019 stood at 50.43 million kg against 27.41 million kg
in 2018.

Offtake by China increased to 12.02 million kg as against 9.2 million kg
in 2018.

Exports to Pakistan dipped steeply to 6.23 million kg
in the
first
11
months
of
2019 from 14.56 million kg
in 2018.

While offtake by US has increased
in
2019 till November,
exports to the UK saw a dip during the year from 2018.



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