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Vietnam Producers ask to improve tea quality
Vietnam Producers ask to improve tea quality
Domestic companies are being encouraged to produce high-quality tea products, such as specialty teas, toserve local consumption and service demand for exports.
In the 2018-23 period, Việt Nam exported between 125,000 and 140,000 tons of tea each year, bringing in aturnover of US$220-240 million per year. During the period, some enterprises provided high-end tea products with prices ranging from $15,000to over $50,000 per ton, much higher than the average export price of Vietnamese tea at only $1,700-1,800per ton. However, the ratio of these quality tea products remained low.
Over the past eight months of this year, Việt Nam shipped 92,280 tons of tea for over $162 million, up 30per cent in both volume and value. Among some export markets that saw a sudden growth were Iran, up 2,720 per cent, and China, up 240 per cent. The global tea market is expected to reach $37.5 billion in2025, up from $24.3 billion in 2016.
Source: Vietnam News (Extracts), Courtesy: Tea Exporters’ Association Sri Lanka
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