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India's tea exports up over 23 pc in January-July period
India's tea exports up over 23 pc in January-July period
Tea exports from India saw a healthy 23.79 per cent growth (year-on-year) to reach 144.50 million kilogramsin the January-July period this year.
The country exported 116.73 million kg in the same period in the year2023. The export of tea increased by 27.77 million kilograms this year compared to the same period last year. However, the single unit price during the first seven months of 2024 has remained at Rs 256.37 per kg. Itwas Rs 264.96 per kg in the same period last year.
Meanwhile, a scheme of Rs 664.09 crore was approved forthe development and promotion of the tea industry.The development of tea industry includes plantation development and quality improvement, promotion andmarket support, technical intervention, research and development and welfare and capacity buildingmeasures.
According to the 2023 data, India is the second largest tea producer with production
of about 1350 million kg.India consumes about 18 per cent of the world's total tea
consumption.
Source: Daiji world.com/IANS (Extracts), Courtesy: Tea Exporters’ Association Sri Lanka
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Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down Read More...