Business Daily from THE HINDU group of publications
Monday, Sep 15, 2008
ePaper | Mobile/PDA Version | Audio

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Tea
Industry & Economy - Exports & Imports
Global tea output falls by 9.8 mkg

P.S. Sundar

Coonoor, Sept. 14 Global tea production has fallen by 9.8 million kg in the first half of 2008 compared to the same months of 2007, an analysis of the latest information available from Tea Board and producing nations indicates.

Production fell in all African countries, but increased in Asia. The highest increase occurred in Sri Lanka where the output rose by 29.7 mkg to reach 199.5 mkg.

Country postings

India posted the second highest increase of 11 mkg to reach 345.7 mkg. Of this, South India recorded an increase of 10.3 mkg to total 119.7 mkg. North Indian production rose marginally by 0.7 mkg to total 226 mkg.

Bangladesh production rose by 1.2 mkg to reach 24.4 mkg.

The highest loss occurred in Kenya where the output fell by 39.9 mkg to dip to 181.6 mkg. Still the crop was higher than the 157.6 mkg recorded in the same months of 2006.

Uganda posted the second highest loss of 4.7 mkg to produce 20.2 mkg.

Zimbabwe’s output dropped by 3.3 mkg to total 6.7 mkg.

Tanzania posted 2.2 mkg to produce 18.5 mkg.

Malawi’s lost 1.6 mkg to total 31.1 mkg.

Short supply

Because of short supplies, prices rule high at Kenya’s Mombasa auctions. Pakistan, which imports the bulk of its CTC tea requirements from Kenya, is forced to scout for teas from other suppliers. But, tea is in short supply in other African countries as well. So, it is required to buy in Asia.

Still, it cannot purchase its bulk requirements from Sri Lanka because the island supplies orthodox teas. So, it has to import volumes of CTC teas from India.

Compared to the price prevailing at Mombasa auctions, Pakistan saves Rs 50 a kg when it buys at Coonoor auctions.

“After a short pause for Ramzan fast, Pakistan importers have started placing orders for Indian teas as the pipeline stock has dwindled. We are purchasing CTC leaf grades at Coonoor auctions this week,” an exporter to Pakistan told Business Line.

More Stories on : Tea | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page




Stories in this Section
Fresh ‘low’ expected to spin up over Bay today


Pause likely in commodity prices uptrend: Report
Higher input costs dog plantation sector
Ethanol-blended petrol plan likely to be deferred
Global tea output falls by 9.8 mkg
CTC teas see good demand at N. Indian auctions
Demand for quality tea at Coonoor sales
Speeding the tea-leaves
Comex gold may rise higher
Bullish trend seen in NY cotton
Castor seed futures may trade higher on low arrivals
Gold prices may remain at the mercy of $ movements, oil prices




eWorld



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line