India exported tea worth $531.63 million between April and November 2023, down from $562 million in the year-ago period, according to official data from the Niryat Portal.
Geopolitical disturbances, especially in Middle East and Ukraine, subdued economic conditions along with a drop in export prices have led to a decline in export earnings for the commodity, experts said.
"We expect about a 10% drop in the total volume oftea exports from India to about 200 million kg during calendar year 2023. This is largely due to lower exports to one of our main markets, Iran, and also due to the Ukraine war, which impacted demand in Western Europe," said Anshuman Kanoria, chairman, of the Indian Tea Exporters Association (ITEA).
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