Business Daily from THE HINDU group of publications
Friday, Aug 11, 2006
Business Daily from THE HINDU group of publications Friday, Aug 11, 2006 |
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Tea Agri-Biz & Commodities - Exports & Imports Tea exports rise 63% in June; output up 5.1 mkg Kohinoor Mandal
Half-year figures During January-June, tea exports slipped to 79.07 mkg from 80.57 mkg. Tea production down 3% at 328.33 mkg. Bad weather conditions in tea growing areas of Bengal, Assam impacted production till March.
Kolkata , Aug. 10 The country's tea production and exports registered handsome growth during June compared with the corresponding month last year. While exports increased 63.7 per cent to 19.63 million kg (mkg) from 11.99 mkg, total production increased to 104.3 mkg as against 99.2 mkg in the corresponding period.
Global output
As per the Tea Board data, total global tea production in June also increased by 6.5 mkg to 167 mkg. However, for the period January-June, it dropped to 680.3 mkg from 725.3 mkg. Even in May this year, tea exports registered a growth of 20.4 per cent at 14.07 mkg compared with 11.69 mkg a year ago. Despite the growth levels recorded in the last two months, tea exports during January-June 2006 was down compared with the corresponding 6-month period of 2005. From 80.57 mkg, it dropped to 79.07 mkg.Tea Board sources said the growth in exports came mostly from the new markets gained in West Asia and Pakistan. It was also learnt that exporters of South Indian tea were more successful than their North Indian counterparts. However, total tea production in the first half of the year was down by almost 3 per cent at 328.22 mkg as against 338.5 mkg in the same period last year. While North Indian tea production was down to 215.4 mkg from 217 mkg, in the South production dropped to 112.8 mkg from 121.5 mkg.
Bad weather
In North, Assam Valley and Darjeeling recorded growth but production dropped in Cachar, Dooars and Terai. Production slipped in all the three tea -growing States in the South. Indian Tea Association officials said bad weather conditions in tea-growing areas of West Bengal and Assam had impacted production till March, and subsequently things improved. It is expected that this trend would continue. Drought in Kenya, which is a major factor for the changing fortunes of the Indian tea sector, appears to be waning. Kenyan tea production in June 2006 increased to 27.8 mkg as against 24 mkg in the corresponding month of last year. Total Kenyan production between January and June 2006, however, is still down by 32.6 mkg. As against 166.7 mkg in 2005 it has dropped to 134.1 mkg. Sri Lankan production in June was also down by 2.8 mkg to 27.8 mkg. For the January-June period it was marginally down by 1.3 mkg to 164.5 mkg.
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