Wednesday, June 8, 2011

Tea imports plunge 25 pc to 19.26 m kg in FY11

Tea Board data indicates that imports in the last fiscal plunged by more than 25 per cent to settle at 19.26 million kg.

According to the data, the country had imported 25.84 million kg of tea in the year-ago period.

Considering that India, the world's largest consumer of tea, imports the brew only to re-export to other countries, the decline in imports is a pointer to fall in re-exports.

Data shows that imports from Argentina, Canada, Kenya, Nepal, the UK and the US climbed, while inbound shipments from China, Indonesia, Iran, Malawi and Sri Lanka dipped.

A major fall was witnessed in tea imports from Vietnam. While in 2009-10, the country imported 7.21 million kg of tea from South-East Asian countries, in the last fiscal the figure slid to 0.72 million kg.

Similarly, exports from Indonesia to India dropped to 1.44 million kg in 2010-11 from 2.23 million kg in the earlier period.

Sri Lanka shipped less quantity to India in 2010-11 at 0.39 million kg from 0.93 million kg despatched in the year-ago-period.

As regards major tea exporting countries to India, Nepal sent 8.65 million kg in the past fiscal, against 7.47 million kg in the year-ago period.

Likewise, in 2010-11 shipments from Kenya to India stood at 4.51 million kg compared to 2.27 million kg the earlier year.

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