November tea exports higher than 2010

Tuesday, 10 January 2012 00:44 - - {{hitsCtrl.values.hits}}

Tea exports in November were 26.9 million kgs, a marginal gain of 0.5 million kgs from 2010. Revenue was Rs. 13.9 billion, a gain of Rs. 0.5 billion compared to Rs. 13.4 billion in 2010.

CIS continues to be the largest importer followed by Iran and Syria and despite being placed fourth exports to the UAE showed a significant decrease year on year.

While there was a decline in demand for tea in bulk and tea in packets exports of tea in bags have shown growth year on year.

Cumulative exports for the period January to November 2011 were 292.4 million kgs, a gain of 6.5 million kgs compared to 285.9 million kgs in 2010.

Total revenue for the 11 month period was of Rs. 149.5 billion, a gain of Rs. 8.5 billion compared to Rs. 141 billion for 2010. While demand for tea in bulk and tea in packets have shown growth year on year, tea in bags show a decrease from 2010. Other noteworthy importers included Iraq, Turkey and Japan.