Tea exports record marginal gain in December

Thursday, 31 January 2013 00:23 - - {{hitsCtrl.values.hits}}

Tea exports for the month of December 2012 totalled 30.9 m kgs, showing a marginal gain of 0.7m kgs vis-à-vis 30.2m kgs in 2011.

Bulk tea and tea in packets has shown a growth YOY whilst tea in bags shows a decline compared to the corresponding total of 2011. The total revenue of 17.7 b realised in December 2012 shows a gain of 2.6 b vis-à-vis 15.1 b realised in 2011.

Cumulative exports for the period January/December 2012 totalled 319.9m kgs vis-à-vis 322.6m kgs in 2011 thus showing a decrease of 2.7m kgs. Total revenue of Rs.180.4 b has shown a growth of Rs. 15.5 b vis-à-vis Rs. 164.9 b in 2011.

The higher revenue recorded in 2012 than the previous best achieved in 2011 in spite of a lower exported volume 2012 is mainly due to the devaluation of the rupee against the US$.

The export volume of tea in bulk and tea in packets in 2012 shows a marginal gain vis-à-vis 2011 same period whilst tea in bags shows a marginal decline. The FOB price per kg in 2012 is at Rs.563.94 a gain of Rs.52.86 vis-à-vis Rs.511.08 in 2011.

When analysing the major importers, CIS including Russia has retained the position of No. 1 followed by Iran, Syria, Iraq, Turkey and Libya. Exports to Iran and Libya have shown a significant growth in 2012 vis-à-vis 2011 (8.94% and 9.09%) respectively. The UAE however in 2012 has shown a decline to the corresponding period of 2011 (10.65%).