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8
May 2018
 |
Tea garden(The Total Investment & Insurance Solutions)
Achieving a historic feat, the Indian tea
industry recorded the highest ever production of 1,325.05 million kg as well as
export of 256.57 million kg during the financial year 2017-18, official figures
released on Tuesday revealed.
The total tea production in 2017-18 went up
by 74.56 million kg or 5.96 per cent, as compared to the corresponding figure
in 2016-17, according to Tea Board India. The Total Investment & Insurance Solutions
In 2016-17, India produced 1,250.49 million
kg of tea.
Similarly, the total quantity of tea exports
during the 2017-18 fiscal increased by 28.94 million kg or 12.71 per cent as
compared to the last corresponding period. The tea exports stood at 227.63
million kg in 2016-17.
The foreign exchange realised from tea
exports was $785.92 million in 2017-18, a rise of $95.19 million or 13.78 per
cent over 2016-17 when it had earned $690.73 million. The Total Investment & Insurance Solutions
In rupee terms, the total value of the exports
was pegged at Rs 5,064.88 crore during 2017-18. The Total Investment & Insurance Solutions
The value realisation increased by Rs 432.38
crore or 9.33 per cent over 2016-17 (Rs 4,632.50 crore). The Total Investment & Insurance Solutions
The growth in exports was majorly driven by
five countries - Egypt (7.49 million kg), Iran 6.95 million kg), Pakistan (4.96
million kg), China (2.91 million kg) and Russia (2.89 million kg). The Total Investment & Insurance
Solutions
The earlier record for the highest quantity
of tea exports was during the financial year 1976-77 when the total quantity
exported was 242.42 million kg.
According to Tea Board India, the trend
towards a new record in exports was evident in 2017 (January-December) itself
as the total quantity of exports stood at 251.91 million kg, an increase of
29.46 million kgs or 13.24 per cent over 2016, with value realisation at
$766.06 million, rising by $100.90 million, a rise of 15.17 per cent. The Total Investment & Insurance
Solutions
During the calendar year 2016, the total
exports were 222.45 million kg, with value realisation at $665.16 million. The Total Investment & Insurance
Solutions
The previous highest export quantity for a
calendar year was in 1981 when the total tea exports had reached 241.25 million
kg.The Total Investment & Insurance
Solutions
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