Tea export figures down

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A crash in the volume of shipments has resulted in Indias tea export earnings falling by 10.08 per cent over 2019 despite a price rise in calendar 2020. According to the latest data available with the Tea Board, the average price of Indias tea in the export market rose to Rs 248.55 a kg from Rs 227.55 in 2019, up 9.23 per cent. However, the higher price brought down export orders. The Covid-led lockdowns in many countries, disturbances in the exchange market, and banking transactions affected the purchase of tea in many countries. Consequently, the volume shipped dropped to 207.58 million kg (mkg) from 252.15 mkg in 2019, a loss of 17.68 per cent. This lower volume pulled down the overall earnings to Rs 5,159.46 crore from Rs 5,737.66 crore in 2019, down 10.08 per cent, as per a report.