Tea exports expected to reach 245 million USD
In the first seven months of this year, tea exports have declined both
in volume and value compared to the same period last year. However, the
Vietnam Tea Association (VITAS) forecasted that the sector could earn
245 million USD from exports this year, the Vietnam Economic News
reported on August 25.
In the first seven months of this year, tea exports have declined both
in volume and value compared to the same period last year. However, the
Vietnam Tea Association (VITAS) forecasted that the sector could earn
245 million USD from exports this year, the Vietnam Economic News
reported on August 25.
According to the Ministry of Agriculture and Rural Development’s preliminary statistics, in the first seven months of this year, the country exported about 70,000 tonnes of tea with total value of about 116 million USD, a drop of 6.7 percent in volume and 1.1 percent in value compared to the same period last year.
According to VITAS Chief Secretariat Hoang Vinh Long, green tea and OTD black tea remained major tea exports with a volume of about 26,000 tonnes each type. OTD black tea, and green tea were sold at 1,387 USD and 1,802 USD per tonne respectively. Chinese-Taipei , China and Pakistan ranked top in export markets of Vietnam .
In the first seven months of this year, tea exports to Pakistan continued to thrive with an increase of 56.4 percent in volume and 89.2 percent in value while its figures to Indonesia reduced by 56.6 percent in volume and 54.56 percent in value compared to the same period last year.
Long explained that in the early months of this year, the weather remained complicated with prolonged drought and rain in some tea plantation areas. However, tea prices remained stable. Ha Tinh Tea Company’s products were sold at the highest prices among Vietnamese exporters, added Long.
However, tea exports are experiencing some difficulties when export markets of Vietnam have strictly required safety standards and certificate of origin.
To be able to meet its export target, the tea sector needs to focus on renewing trade promotion activities. Moreover, tea businesses must diversify products, improve product quality and reorganise production towards industry value chain.
During April and May 2014, VITAS delegation took part in the International Tea Expo in Dubai to seek market expansion and promote exports to potential markets such as the UAE, Africa, the Middle East and South Asia .-VNA
According to the Ministry of Agriculture and Rural Development’s preliminary statistics, in the first seven months of this year, the country exported about 70,000 tonnes of tea with total value of about 116 million USD, a drop of 6.7 percent in volume and 1.1 percent in value compared to the same period last year.
According to VITAS Chief Secretariat Hoang Vinh Long, green tea and OTD black tea remained major tea exports with a volume of about 26,000 tonnes each type. OTD black tea, and green tea were sold at 1,387 USD and 1,802 USD per tonne respectively. Chinese-Taipei , China and Pakistan ranked top in export markets of Vietnam .
In the first seven months of this year, tea exports to Pakistan continued to thrive with an increase of 56.4 percent in volume and 89.2 percent in value while its figures to Indonesia reduced by 56.6 percent in volume and 54.56 percent in value compared to the same period last year.
Long explained that in the early months of this year, the weather remained complicated with prolonged drought and rain in some tea plantation areas. However, tea prices remained stable. Ha Tinh Tea Company’s products were sold at the highest prices among Vietnamese exporters, added Long.
However, tea exports are experiencing some difficulties when export markets of Vietnam have strictly required safety standards and certificate of origin.
To be able to meet its export target, the tea sector needs to focus on renewing trade promotion activities. Moreover, tea businesses must diversify products, improve product quality and reorganise production towards industry value chain.
During April and May 2014, VITAS delegation took part in the International Tea Expo in Dubai to seek market expansion and promote exports to potential markets such as the UAE, Africa, the Middle East and South Asia .-VNA
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