Business Daily from THE HINDU group of publications
Friday, Nov 30, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 30, 2007 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Tea Industry & Economy - Exports & Imports Tea imports down Rs 8.3 crore on lower volumes P.S. Sundar Coonoor, Nov. 29 Tea import bill in the first eight months of this year has fallen by Rs 8.31 crore compared with the same period of last year. An analysis of the information available with the Tea Board shows that the bill has come down as a lower volume was imported with the unit price going up. Between January and August, the price of imported teas rose to Rs 68.98 a kg from Rs 50.49 last year. But, the volume declined to 9.39 million kg (mkg) from 14.47 mkg. Consequently, the import bill fell to Rs 64.77 crore from Rs 73.08 crore. India imported teas from some 15 nations, including some trading nations. Interestingly, the imports from Vietnam, which worried the indigenous producers last year, were far lower. Only 0.55 mkg were imported from Vietnam against 7.61 mkg last year. This year, the largest volume of 3.64 mkg had been imported from Nepal at a unit price of Rs 60.40 a kg. More Stories on : Tea | Exports & Imports
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