Agri Business

Tea export earnings up 20%

P. S. Sundar Coonoor | Updated on April 29, 2013

India’s tea export earnings in 2012-13 increased by 19.91 per cent over the last fiscal, reveals an analysis of the latest data available with Tea Board and exporters’ organisations.

This has mainly due to 2.85 per cent increase in the volume shipped despite the unit price rising by 16.59 per cent.

The average price for Indian tea rose to Rs 179.76 a kg from Rs 154.18 in 2011-12. This was the highest average price fetched by Indian tea so far in the world market.

Prices moved up keeping with general inflationary conditions and the increased demand for Indian tea due to shortage in the supplies from different countries. In effect, the volume shipped rose to 220.46 million kg (mkg) from 214.35 mkg.

With higher volume being shipped for higher price, the overall earnings increased to Rs 3,962.92 crore from Rs 3,304.82 crore. This increase of Rs 658.10 crore marked a growth of 19.91 per cent.

The same trend was witnessed for North Indian tea where the volume shipped increased to 125.36 mkg at from 118.74 and average price to Rs 226.18 a kg from Rs 196.85 resulting in the overall earnings to rise to Rs 2,835.44 crore from Rs 2,337.39 crore.

In the South, the volume exported fell marginally to 95.10 mkg from 95.61 mkg but prices rose to Rs 118.56 a kg from Rs 101.19, thereby taking the overall earnings to Rs 1,127.48 crore from Rs 967.43 crore.

Published on April 29, 2013

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