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Tea production up 18% in February

Tea production up 18% in February
PTI
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First Published: Thu, Apr 08 2010. 04 15 PM IST
Updated: Thu, Apr 08 2010. 04 15 PM IST
New Delhi: India’s tea production grew by close to 18% to 17.9 million kg in February 2010 over the same month last year, the Tea Board said on Thursday.
The country had produced 15.2 million kg tea in February 2009.
Tea exports slightly increased at 12.2 million kgs in February as against 12.1 million in the same month last year.
Cumulative production of tea in the April-February period of 2009-10 rose over 22% at 45 million kg against 36.8 million kg in the year-ago period.
Exports during the 11-month period increased to 182.2 million kg from 176.4 million kg in the same period of 2008-09 fiscal.
In value terms, exports of tea moved up nearly 7% to Rs160.06 crore in February, while it rose by 14.13% in the April-February period to Rs2,504.70 crore from the corresponding period of the previous fiscal.
During February, the average price of tea moved up nearly 6% to Rs130.75 per kg, while it increased 10.45% to Rs137.41 a kg in the April-February period of FY’10, it said.
Also during the reviewed month, tea production in North India fell by almost half to 1.5 million tonne from three million tonne in the previous year, while South India saw an increase of 4.2 million tonne to 16.4 million tonne.
In the 11 month time-frame production in north fell by 2.9 million tonne to 10.2 million tonne, while it rose by 11.1 million tonne to nearly 35 million tonne in South India.
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First Published: Thu, Apr 08 2010. 04 15 PM IST
More Topics: Tea | February | India | Money Matters | Commodities |