VietNam: Tea exports reach 36 million USD in Q1
06/04/2011 192
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Vietnam exported 26,000 tonnes of tea for 36 million USD, in the first three months of the year.
Despite a slight decrease in volume, the value was still close to the amount attained in the same period last year on the back of a rise of 3.7 percent in export price, which averaged 1,437 USD per tonne.
According to the Ministry of Agriculture and Rural Development, Vietnam’s three largest tea importers include Pakistan , Russia and Taiwan .
With export price being equivalent to 60-70 percent of the world’s average level, the Vietnam Tea Association forecast the country would ear an export value of 200 million USD this year, a year-on-year increase of 10 percent despite facing a decrease in tea harvest due to unfavourable weather.
Vietnam currently ranks fifth in the world in terms of tea production and export.
Vietnamese tea has been exported to 110 countries and territories and the “CheViet” brand name has been registered and protected in 70 markets worldwide.
April 5th, 2011
Source: vneconomynews.com
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