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West Asian markets rescue India tea exports
Iran and Iraq emerged as key drivers of India’s tea exportsduring the first eight months of this calendar year, off-settinga decline in shipments to major markets like Russia.
Iraqwas the top buyer of Indian tea, at 35.94 million kg betweenJanuary and August this year, up from 30.99 million kg in thesame period last year.
Export to Iran rose to 6.39 million kg, against 6.30 million kg last year. However, exporters point out thatteas bound for Iran were mostly routed through Dubai, one of the largest trading hubs.
Numbers show that exports to the United Arb Emirates (UAE) during January-August 2025 soared to 31.23million kg, against 28.22 million kg in the same period last year.
Tea exports to Russia — traditionally a key market for Indian teas — dropped to 20.84 million kg in the firsteight months of this year from 26.92 million kg in the year-ago period.
Source: Business Standard (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...