Indian tea exports slump to $531 mn during April-November 2023
Mint Mumbai|January 03, 2024
India saw a slump in its tea export earnings during April-November 2023 amid regulatory challenges in Iran, a large market, and due to the ongoing Ukraine crisis impacting exports to the CIS (Commonwealth of Independent States) and Western European region, latest data from the commerce ministry showed.
Rhik Kundu 
Indian tea exports slump to $531 mn during April-November 2023

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).

Denne historien er fra January 03, 2024-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra January 03, 2024-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT MUMBAISe alt
Making a compelling case for first-time tablet buyers
Mint Mumbai

Making a compelling case for first-time tablet buyers

The Apple iPad mini has been upgraded for AI features at a time when buyer interest in tablets is rising again

time-read
3 mins  |
November 13, 2024
Soon, a digital, AI-enabled twin of St Peters
Mint Mumbai

Soon, a digital, AI-enabled twin of St Peters

A new way to search and other AI-powered marvels in the news this week

time-read
1 min  |
November 13, 2024
Wearables Can Now Help Women Fight Cancer
Mint Mumbai

Wearables Can Now Help Women Fight Cancer

Wearable devices are the next big leap in the prevention and treatment of breast cancer through early detection and monitoring

time-read
4 mins  |
November 13, 2024
Mint Mumbai

AI adoption by law firms may result in a talent crunch

An AI takeover of entry-level work would mean fewer lawyers trained to do what AI cannot

time-read
4 mins  |
November 13, 2024
Monetary policy must account for climate risks as well
Mint Mumbai

Monetary policy must account for climate risks as well

To begin with, the trade-off between inflation and growth will get much harder to manage

time-read
3 mins  |
November 13, 2024
Trump is stuck with the Fed's Powell. He should make peace
Mint Mumbai

Trump is stuck with the Fed's Powell. He should make peace

The US president-elect's best bet is to let the central bank do its job

time-read
3 mins  |
November 13, 2024
Gig worker social security: India should aim for a perfect balance
Mint Mumbai

Gig worker social security: India should aim for a perfect balance

Gig workers would get an optimal mix of flexibility and protection if India's 2020 social-security code is implemented well

time-read
3 mins  |
November 13, 2024
Will routine investors in Indian stocks keep calm and carry on?
Mint Mumbai

Will routine investors in Indian stocks keep calm and carry on?

It's unclear how long equities can count on SIP-mutual-fund support if prices continue to weaken

time-read
3 mins  |
November 13, 2024
Let corporate earnings lead the Indian market
Mint Mumbai

Let corporate earnings lead the Indian market

How much further will our investor-population boom go? While retail demand for shares might have space for growth, let's not forget these assets are only as good as their earnings

time-read
2 mins  |
November 13, 2024
BUCKET STRATEGY: A ROAD MAP TO FUND YOUR SUNSET YEARS
Mint Mumbai

BUCKET STRATEGY: A ROAD MAP TO FUND YOUR SUNSET YEARS

Circumstances change, so your strategy should adapt to align with risks and financial goals

time-read
3 mins  |
November 13, 2024