India's tea industry is eyeing Russia with renewed interest after a gap of 10 years as exports to two key markets of Egypt and Pakistan are not picking up.
A delegation of Indian tea producers, merchant exporters and auctioneers is set to visit Russia, the world's fourth-largest tea consumer, next month. The delegation plans to hold talks with buyers at WorldFood Moscow, which will be held between September 14 and 17.
Exporters are looking at the entire Commonwealth of Independent States (CIS) region, comprising former Soviet bloc countries, said Azam Monem, vice-chairman of Indian Tea Association.
"We are not only looking at Russia to increase our exports. Our aim is to increase our presence in the CIS region," said Monem."Russia and CIS are two traditional markets for Indian exports. But for long, we have not done much to develop these markets further so that more teas can be exported.With production increasing, we also need to develop export markets for our teas." Russia and CIS countries - including Ukraine, Kazakhstan and Azerbaijan - consume 200-220 million kg of tea annually. India exports 50 million kg to the region.
Russia was earlier an orthodox tea-consuming country but now it has also taken to CTC teas. Sri Lanka is the major exporter of tea to Russia and CIS, and it sends 6065 million kg to the region. Russia also imports teas from Kenya and Indonesia.
ndian traders are also looking at Georgia in a big way as the country can become a major tea hub. Georgia is a country in the Caucasus region of Eurasia located at the crossroads of western Asia and eastern Europe. It is bounded to the west by the Black Sea, to the north by Russia, to the south by Turkey and Armenia and to the southeast by Azer baijan.
"If we can make our presence felt in Georgia, then we can easily access Turkey through Georgia. Turkey is a major tea-drinking nation in the wo rld," said Monem.
In 2014, India exported 207.44 million kg of tea. The total exports in the six months to June stood at 88.94 million kg, 9% less than 97.67 million kg a year ago. The prices of CTC and dust teas are currently hovering around Rs 165.05 a kg and Rs 168 a kg respectively . Orthodox teas are fetching a price of Rs 247.56 a kg.
Source:economictimes.indiatimes.com
No comments:
Post a Comment