Tea exports in March down by half on low demand

Posted By: Religare
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Tea exports in March down by half on low demand
India"s tea shipment for March 2011 has dropped to 11.90 million kg from 23.49 million kg in March, 2010 due to falling demand of Indian tea in the overseas market as well as issues related to payments from importing countries.

Joint Secretary of Indian Tea Association, Sujit Patra, quoted, "The exports have been down since the end of last year due to subdued overseas demand and payment problems from Iran and Pakistan due to which exporters have been reluctant to go for further contracts."

India exported 39.62 million kg of tea in the first three months of 2011, which is almost 27 per cent lower from 53.99 million kg of tea shipped in the same period prior year.

Contribution of the Northern States to the total tea exports of India has gone down to  6.70 million kg in March, 2011 from 13.17 million kg a year-ago and that from the southern India was slashed to 5.19 million kg against 10.32 million kg from March 2010.

Head of United Planters Association of South India (UPASI) Commodities, R Sanjith said, "Tea exports from South India have been down in March this year due to the recent disturbances in West Asia and North Africa, which have impacted the shipments."

Read more about: commodities, tea
Story first published: Monday, May 9, 2011, 9:30 [IST]
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