Agri Business

Marginal fall in tea exports

PS Sundar Coonoor | Updated on January 25, 2019

The Tea Board’s latest export data pertain to November 2018 which shows that there was a reversal in the export situation compared to the stand till October because there was a fall in the volume shipped.

According to the latest information available with the Tea Board of India, the country exported 225.76 mkg till November against 226.04 mkg in January-November 2017, marking a marginal loss of 0.12 per cent.

This fall seems to have arisen due to a rise in the asking price. The average price fetched rose to ₹204.83 a kg from ₹198.12 in the 11 months of the previous year, recording a gain of 3.39 per cent.

With such an increase in price, the overall earnings also posted an increase despite the marginal decline in the volume shipped. The overall export earnings rose to ₹4,624.34 Crore from ₹4,478.24 crore in the 11 months of 2017, marking a gain of 3.26 per cent.

At this rate, exporters contend that the overall shipments in 2018 would be around the previous year’s level of 251.91 mkg.

However, increased rupee value against dollar exchange rate may help the overall earnings from these shipments to rise to about ₹5,100 crore from previous calendar’s earnings of ₹4,987.59 crore, exporters anticipate.

The unit price of the exported teas is expected to average ₹202 a kg against ₹198 in 2017.

Published on January 25, 2019

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