Tea exports decline to 175.38 million kg in first 11 months of 2021

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Based on business consultants, the decline in exports could possibly be attributed to scarcity of containers, excessive ocean freight and fewer offtake by the profitable Iran market resulting from fee points.

Exports of tea through the first 11 months of 2021 declined to 175.38 million kg as in comparison with 189.83 million kg within the corresponding interval a 12 months in the past, the Tea Board India mentioned.

Based on business consultants, the decline in exports could possibly be attributed to scarcity of containers, excessive ocean freight and fewer offtake by the profitable Iran market resulting from fee points.

The most important block, which imported the utmost amount of tea was the Commonwealth of Impartial States (CIS) – 40.17 million kg through the interval, decrease from 46.38 million kg in 2020.

Iran was the second largest purchaser of Indian tea at 23.06 million kg, down from 31.60 million kg within the year-earlier interval, the info obtainable with the board confirmed.

The opposite main importing markets have been the USA, UAE and the UK.

Though the export volumes declined, worth realisation elevated within the first 11 months of 2021, which stood at Rs 4,737.88 crore as in comparison with Rs 4,698.47 crore within the 2020 interval.

Throughout December 2021, manufacturing noticed a pointy dip at 64.51 million kg as in opposition to 74.09 million kg within the corresponding month in 2020, as per the info.

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