Sumary of Rise in India’s tea import continues in current fiscal:
- The rising trend witnessed in tea import in fiscal 2020-21 over the previous year continues with greater accent in the current fiscal.
- An analysis of the latest data available with the Tea Board reveals that India imported 2.03 million kg (mkg) in April compared to a mere 0.22 mkg in April 2020 which marked an increase of 1.81 mkg or a whopping 822.73 per cent.
- More tea was imported because of a marked reduction in the price.
- If this trend were to continue, India’s import volume and bill this fiscal would be several times higher than last year, importers contend.