India’s Tea Imports Down 10 In H1 2010 (30-Aug-2010)
India’s tea imports have shown a decline of 10.85% in the first half of calendar year 2010 to touch 9.2 million kg. The corresponding figure for the Jan-June period for the last year was 10.32 million kg, said the Tea Board of India on Saturday.
In terms of value, country’s tea import bill in the period under review declined by 7.46% over the corresponding period of last year. Between January and June 2010, India imported tea worth a total of Rs 79.66 crore compared with Rs 86.08 crore worth imports in the same period last year.
The lower decline in the value terms was because of the fact that in line with the global trend, the country had to pay higher price for imports. Average import price in H1-2010 was Rs 86.57 a kg compared with the price paid in last year at Rs 83.39. Tea price have strengthened globally over last one year or so due to decline in supply worldwide and also waning of carryover stocks at the start of new season.
Looking at the individual countries, imports from Nepal declined 22% while that from the Vietnam showed a marginal growth. Shipments from most other countries were either flat or showed a decline.
India is one of the largest producers of tea in the world but imports some varieties of the commodity from abroad, most of which is refined, mixed with domestic teas and re-exported as premium varieties. Total production of tea in India was 979 million kg last year, second only to Kenya. It amounted to about 28% of world tea production. But its share in trade was lower at around 14% owing to substantial domestic consumption of the country’s favourite beverage.
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