Tea exports rise 5.4% on Kenyan shortfall

Tea exports rise 5.4% on Kenyan shortfall
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First Published: Tue, Jul 08 2008. 10 46 PM IST
Updated: Tue, Jul 08 2008. 10 46 PM IST
Mumbai: India’s tea exports in the first five months of 2008 were up 5.4% on rising demand from Pakistan and Egypt and on lower production in Kenya, a senior official with the Tea Board said on Tuesday.
Total exports during January-May stood at 65.98 million kg, compared with 62.61 million kg a year ago, said G. Boriah, director of the state-run Tea Board. Production during the same period increased 6.1% to 240.24 million kg.
“Higher exports were mainly due to lower production in Kenya as both countries produce same variety of tea,” Boriah said.
Kenya is the world’s largest exporter of CTC (crush, tear, curl) tea. The east African country projects output in 2008 will decrease to 335 million kg from 369 million kg last year due to dry weather in growing areas.
A total of 152.8 million kg of tea was sold through Kenya’s weekly auction in the first six months of 2008, a 21% drop from the same period last year, a report by the Africa Tea Brokers showed on Monday.
In 2008, India is targeting exports of 10-15 million kg of tea to Egypt, from 5 million kg now, Basudev Banerjee, chairman of the Tea Board said on Monday.
The country is targeting 190 million kg of tea exports in 2008, Banerjee said.
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First Published: Tue, Jul 08 2008. 10 46 PM IST