COONOOR: India’s tea exports, which took a beating in January, picked up in February.
Volume shipped rose by 3.6 million kg over February 2016 and reached 20.9 mkg even as the average price increased by Rs. 14.70 a kg to rule at 192.91 a kg, resulting in the overall earnings to gain by Rs. 94 crore to touch Rs. 403.40 crore.
This helped the country’s export performance in the first two months of 2017 to be higher than in 2016 in respect of volume shipped, price fetched and the overall realisation earned, revealed our analysis of the latest data available with the Tea Board.
The volumes shipped in January-February rose to 39.93 mkg from 37.73 mkg, posting an increase of 5.83 per cent. This helped the overall realisation to rise 11.20 per cent to Rs. 774.23 crore. This is significant because in January end, exports had recorded a decline of 4.14 per cent over January 2016.