Tea exports up by 14.8pc to 140.28mkg in Jan-Aug period this year | Biden News

KOLKATA: Tea exports from India increased by 14.8 percent to 140.28 million kilograms in the first eight months of calendar year 2022, according to Tea Board data. Tea shipments during the January-August period in 2021 were 122.18 million kilograms (mkgs).

The CIS countries, including Russia, Ukraine and Kazakhstan, remained the largest importer of Indian tea with 30.56 mkg in the first eight months of 2022, marginally higher than 29.13 mkg sent to these nations in the previous year period, the data said.

Sources in the industry said that tea exports have not increased much because of “shipping and container costs, which have exploded due to the war” between Russia and Ukraine.

After the CIS countries, the UAE was the second largest importer at 23.84 mkg, an increase of 157 percent from 9.27 mkg in the same period in 2021. Due to economic sanctions imposed by the United States on Iran, tea shipments to the West -an Asian country as well. failed to increase in the first eight months of 2022. Exports to that country marginally increased to 16.40 mkgs in the January-August period compared to 16.06 mkgs in the corresponding period last year.

According to industry sources, UAE has the potential to become a big importer of Indian tea as it prefers the orthodox variety compared to CTC.

In value terms, Indian tea exports stood at Rs 3,837.28 crore in the first eight months of the calendar year 2022 against Rs 3,353.35 crore in the same period last year.

Shipments to China, the largest tea-producing and drinking nation, fell marginally to 3.55 mkg from January to August this year from 4.05 mkg in the first eight months of 2021.

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