Agriculture Market News : Tea Exports Increase by 7.25%
Tea exports have increased by 7.25% and 4.2% increase in terms of value during 2015-16 (April-October) as compared to the corresponding period last year.
According to Tea Board data, increase of tea exports has been seen in major tea-importing countries like Germany, Poland, UAE, Iran, Russia, United Kingdom, Netherlands, Bangladesh and Pakistan.
Meanwhile, tea production has decreased from 953.59 million kgs during the period April-October 2014-15 to 946.49 million kgs during the period April-October 2015-16. This decline was mainly due to the fall in South India’s production compared to the last year.
At the same time, North India’s production increased marginally by 7.22 million kgs (0.08%). The production of Bought Leaf Factories (BLF sector) increased by 1.52% in an all-India basis, which indicates an increase of small tea growers’ share in the total production. The quantity of tea sold at Auction centres all over India saw a marginal increase of 0.5%.