The Hindu Business Line : Tea exports to traditional markets fall

Tea shipments fell in all the traditional markets even as no new major foothold was gained in any market in calendar 2007, an analysis of the latest information available with the Tea Board shows.

The country’s exports fell to decades’ low of 156.71 million kg from 218.73 mkg in 2006.

So, despite the unit price rising to an average of Rs 97.51 a kg from Rs 91.73, the overall earnings dropped sharply to Rs 1,528 crore from Rs 2,007 crore.

Iraq

Destination-wise analysis shows that the biggest fall happened in Iraq with a decline of 38.84 mkg out of a total fall of 62.02 mkg. Although this was a thrust market, shipments totalled a mere 2.49 mkg worth Rs 12.98 crore.

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