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Exports to Iran may touch 30 mn kg
Tea Board of India is planning to set a floor price for the sale of tea at auctions.
It is also planning to take about 100 million kg of tea away from India’s output basket in a bid to prop up the flagging fortunes of the estate-based tea industry. “Our target is to suck around 100 million kg of teas from the system within two years,” Tea Board Deputy Chairman Arun Kumar Roy told The Hindu . This is proposed to be done through a slew of measures, including an early closure of tea plucking (started in 2018), allowing export of tea waste and insisting on increasing the fine-count level in teas (which enhances quality but takes away teas from a lot).
Iran exports
Mr. Roy said that he expected Indian exports to Iran to touch 30 million kg this fiscal, against 27.1 million kg a year ago. “As of now, we see no problem,” he said (due to the ongoing sabre rattling between the U.S. and the Iran government). Iran is India’s highly-prized export market, buying expensive orthodox teas. Importing 27.1 million kg in 2018-19, it accounted for 30% of the tea export earnings at Rs. 2,240.9 crore.
Unit value realisation at Rs. 269.6 was among the highest.
