Buy and Sell for Free! Tuesday, March 21, 2000
fesub.gif (4328 bytes)
Full Story
 Intel IT update
fe.gif (834 bytes)
India's first e-business paper
flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
cyber laws industry
-
 

Absence of Russian buyers pushes down tea exports to 190 m kg in 1999 

Shyama Rajagopal  
Kochi, March 19: Tea exports from the country have fallen by 20.16 million kg to 190.18 million kg in the calender 1999 against 210.34 million kg in 1998. The fall in exports is mainly attributed to the absence of Russian buyers.

About 50 per cent of the tea exports are attributed to the Russian markets which have been very active for the last 4-5 years. Out of the total exports the north Indian component has come down drastically which is also reflected in the exports to Russia.

Many experts also feel that the rupee/rouble agreement between the two countries is not very favourable for the Russian buyers who are looking at other markets to buy from. The most attractive part of buying Indian tea is its low cost, according to a prominent trader. If the commodity is available at a cheaper price elsewhere, the Indian exporters are likely to lose out.

Earlier the pressure on the crackling Russian economy had made the buyers desert the Indian shores. Now it is mostly quality, opined another tea trader. It is mainly the mediocre teas which were being picked up by Russia while high grown quality leaf teas are preferred by Japanese buyers and the East European buyers.

The medium CTCs from South India are very poor quality which is a major hurdle in increasing the export, said an exporter. "The exportable quality teas are scare", he said.

A member of the Tea Traders' Association said that the emphasis is on quality and the country will have to produce quality teas if it wants to continue its hold in the international market.

A prominent tea producing and exporting house official said that they are exploring other markets too for exports. The country cannot depend on one single market. There is huge potential, it is just a matter of tapping it, he maintained, adding that his company has made major inroads into various other European and Gulf markets.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.