60% rise in tea exports to Pakistan from India

India’s tea export stands as the second largest tea exporter in the world. It is one of the largest producer as well as consumer of tea. The country’s export brand crush tear curl (CTC) classifies export of tea to countries like UK, Egypt, Iran, Iraq and Russia The Dollar Business Bureau
60% rise in tea exports to Pakistan from India The shipment from India to Pakistan increased from 11.97 million kg in 2014-15 to 16.48 million kg in 10 months in 2015-16
  The rise of tea export from India to Pakistan rose up to 60% in the first ten months of the current fiscal year. In other words tea exports increased to Rs.160.82 crores. The comprehensive external shipment of tea has increased by just 11% to Rs 3,597.41 crores. The export of tea to the neighboring countries upended at Rs.100.61 crore in the previous year. India’s tea export stands second among the largest tea exporters in the world. The country is one of the largest producer as well as consumer of tea. The country’s export brand, crush tear curl (CTC) classifies export of tea to countries like UK, Egypt, Iran, Iraq and Russia. According to the data available at the Tea Board, the gross tea shipment was at Rs.3,240.90 crore in the April – January period of 2014-15 fiscal year. However, the per unit price of tea exported to Pakistan increased from Rs.84.05 per kg to Rs.97.58 per kg a year ago. In the terms of volume, the shipment from India to Pakistan increased from 11.97 million kg in 2014-15 to 16.48 million kg in the 10-month period of 2015-16. The total tea export in India increased from 164.88 million kg to 183.63 million kg in the previous year. The reason for the increase in tea exports was seen due to an increase in vital tea importing countries such as UK, Poland, Germany, UAE, Sri Lanka and Bangladesh. However, this year tea production has been low due to reasons such as, climatic conditions and other wage related issues that affected the tea industry. There were also many labor issues as daily-wage resources have the tendency to move to different plantations in search of better opportunities and wages. Ideally tea plucking in India starts during the month of July and October.

March 17, 2016 | 03:55pm IST

The Dollar Business Bureau - Mar 17, 2016 10:22 IST
 
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