Business

Tea Exports Rise Up To 7% During April-February FY 18

NEWS WORLD INDIA | 0
5216
| April 6 , 2018 , 17:22 IST

Tea exports from India grew by almost 7% to 221.54 million kg during the April-February period of 2017-18 (FY18) as compared to 207.22 million kg exported in the corresponding period the previous fiscal year. Tea Board has released the data on Friday.  

The provisional data of Tea Board India stated that tea exports to Pakistan grew significantly to 14.13 million kg in the period under review, up by over 31% from 10.77 million kg during the year-ago period.

The data further suggested that the shipment of the crop to China also grew up by nearly 39% to 7.81 million kg in April-February of FY18 as against 5.63 million kg in the same period of 2016-17. 

ALSO READ: Tea Scam? RTI Reveals Maharastra CMO Tea Bill Is Rs 3.4 Crore For 1 Year

According to the data, overall tea exports, in value terms, stood at Rs 4,361.64 crore during the 11 months of the last fiscal, up by about 2.8% from Rs 4,242.64 crore in the year-ago period.

In volume, tea exports to CIS countries, including Russia, Ukraine, Kazakhstan and others, were at 52.45 million kg in the April-February period of 2017-18, down from 55.33 million kg in the same period of 2016-17, data cited.

Exports to the UK also fell marginally to 14.51 million kg during the months under review as against 14.86 million kg in the year-ago period while exports at 8.76 million kg to Germany during the period were also down from 9.96 million kg.

ALSO READ: Forget 'Pakoda' Economy, This Pune Tea Seller Earns Rs 12 Lakh Per Month!

However, tea exports to Iran went up to 27.09 million kg in the period under review, from 22.90 million kg in the year-ago period.

As much as 9.92 million kg of tea was shipped to Egypt during the 11 month period of 2017-18, up from 3.80 million kg in the year-ago period.

India achieved the highest tea exports in 2017 after 36 years, pegged at 240.68 million kg.