Indian tea exports may decline by 30-40 million kg in 2021: Tea Industry – News18

Guwahati. The exports of the Indian tea industry, which is facing a slowdown in exports, may decline by 30 to 40 million kg in 2021. The main reason for this is the availability of low-cost tea varieties in the global markets and the continuing restrictions on trade in countries that are strong importers.

Sources associated with the tea industry said that due to the economic slowdown in most countries of the world due to the Kovid-19 epidemic, exports have been affected. 13.23 percent as compared to 2020 and 29.03 percent less than the same period of 2019.

Indian tea exports decreased in 2021

The Board said that in the first three months of 2021, Indian tea exports totaled 48.6 million kg. Which was 5.85 crore kg in the same period of the year 2020 and 6.62 crore kg in 2019.

During the last three years, the tea export of the states of North India decreased in a greater proportion than that of South India.

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According to the board, during January-April, 2021, the exports of North Indian states fell by 17.83 percent over the corresponding period of the previous year and 31.04 percent as compared to the same period of 2019.

Dinesh Bihani, secretary of the Guwahati Tea Auction Buyers Association, said, “The price of tea auctioned by Kenya is less than US$ 2 per kg, which is less than our average auction price here.”

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He said that Kenyan tea is available for US$1.8 which on an average costs Rs 130-135 a kg. The average price of Indian tea is around Rs 200 to 210 per kg.

Another tea industry said that demand for domestic tea consumption in Kenya and Sri Lanka is very low. Due to which they have more tea available for export.

According to the 2018 ‘Executive Summary of Study on Domestic Consumption of Tea’ published by the Tea Board, about 80 percent of the tea produced in India is sold for domestic consumption.

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