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Tea export volumes and earnings fall
Mint Mumbai
|November 27, 2023
China is the world's largest exporter of tea followed by Sri Lanka, Kenya and India
India saw a slump in its tea shipments during April-October and export earnings also took a beating amid softer prices and challenges in traditional markets Russia and Iran.
According to official data from the commerce ministry, India exported tea worth $463.58 million between April and October, down from to $482.78 million in the year-ago period.
In terms of volume, India’s tea exports stood at 133.32 million kg during the January-August 2023 period, down 4.22% yearly, according to the data.
Competitor Sri Lanka exported 211.91 million kg of tea between January-October 2023, down 5.6% from the same period of the previous year. January-October figures for volumes are not available for India.
China is the world’s largest exporter of tea followed by Sri Lanka, Kenya and India.
This story is from the November 27, 2023 edition of Mint Mumbai.
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