Indian Tea Industry Records Highest Ever Production, Export In FY18
Posted on:12 May 2018 09:21:01
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12 May 2018 Current Affairs: Indian tea industry recorded the highest ever production as well as exports in FY18.
The total tea production was 1325.05 million kgs, an increase of 74.56 million kgs as compared to 2016-17.
In percentage terms, the increase is around 6%.
Similarly, the total quantity of tea exported during the financial year 2017-18 stood at 256.57 million kgs, while the foreign exchange realized from exports of Indian tea was $ 785.92 million.
The number of tea exports increased by 12.71% to 28.94 million kgs during 2017-18.
The growth in exports was majorly driven by the following countries: Egypt (increased by 7.49 million kgs), Iran (increased by 6.95 million kgs), Pakistan (increased by 4.96 million kgs), China (increased by 2.91 million kgs) and Russia (increased by 2.89 million kgs).
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