• Home
  • Contact Us
  • Privacy & Policy
Saturday, December 9, 2023
Finances Advise
No Result
View All Result
  • Home
  • Business
  • Commodities
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Block chain
  • Bitcoin
  • Ethereum
  • Home
  • Business
  • Commodities
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Block chain
  • Bitcoin
  • Ethereum
No Result
View All Result
Finances Advise
No Result
View All Result
Home Commodities

India’s tea export earnings drop 10%

by admin
April 1, 2021
in Commodities
0
India’s tea export earnings drop 10%


India’s tea export earnings in calendar 2020 have fallen by 10.08 per cent over 2019 despite a price rise because of a crash in the volume of shipment.

According to the latest data available with the Tea Board, the average price of India’s tea in the export market rose to ₹ 248.55 a kg from ₹ 227.55 in 2019, marking a gain of 9.23 per cent.

However, the higher price brought down the export orders. Besides, the Covid-led lockdowns in many countries , disturbances in the exchange market as also the banking transactions affected the purchase of tea in many countries.

Consequently, the volume shipped dropped to 207.58 million kg (mkg) from 252.15 mkg in 2019, marking a loss of 17.68 per cent.

This lower volume pulled down the overall earnings from tea shipments to ₹ 5,159.46 crore from ₹ 5,737.66 crore in 2019, marking a decline of 10.08 per cent.

The same trend prevailed in the shipments of both North Indian and South Indian teas.

In the North, the unit price rose by 8 per cent to ₹ 274.14 a kg but the volume shipped dropped by 18.98 per cent to 123.43 mkg resulting in the overall earnings from tea exports to fall by 12.50 per cent to ₹ 3,383.82 crore.

In the South, the unit price rose by 12.59 per cent to ₹ 211.01 a kg but the volume shipped dropped by 15.68 per cent to 84.15 mkg resulting in the overall earnings from tea exports to fall by 5.07 per cent to ₹ 1775.64 crore.

Tags: CoronavirusCOVID-19dropearningsexportexport ordersIndiasLockdownspricesTeaweather
Previous Post

Indie Semiconductor is profiting from auto chip shortage, CEO says

Next Post

Is the Stock Market Closed on Good Friday and Easter 2021? | Kiplinger

Next Post
Is the Stock Market Closed on Good Friday and Easter 2021? | Kiplinger

Is the Stock Market Closed on Good Friday and Easter 2021? | Kiplinger

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Bitcoin
  • Block chain
  • Business
  • Commodities
  • Ethereum
  • Financial Advisors
  • Forex
  • Investing
  • Market Insider
  • Personal Finance
  • Stocks
  • Uncategorized

Site Navigation

  • Home
  • Contact Us
  • Privacy & Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Commodities
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.