India’s 2016-17 tea exports drop by 4.3% to 223 m kilos

Thursday, 18 May 2017 00:00 - - {{hitsCtrl.values.hits}}

MUMBAI (Reuters) - India’s tea exports in fiscal 2016-17 fell 4.3% from a year ago to 222.93 million kg as Pakistan and Russia trimmed purchases, the state-run Tea Board said in a statement.

The south Asian country’s export to Pakistan plunged 42.7% to 11.11 million kg in the year ended March 31, while Russia bought 44.17 million kg, down 8.4% from a year ago, it said.

India, the world’s second-biggest tea producer, exports CTC (crush-tear-curl) grade mainly to Egypt, Pakistan and the UK, and the orthodox variety to Iraq, Iran and Russia.