Business

Tea exports reach 36 million USD in Q1

Vietnam exported 26,000 tonnes of tea for 36 million USD, in the first three months of the year.
Vietnam exported 26,000 tonnes of tea for 36 million USD, in the first three months of the year.

Despitea slight decrease in volume, the value was still close to the amountattained in the same period last year on the back of a rise of 3.7percent in export price, which averaged 1,437 USD per tonne.

Accordingto the Ministry of Agriculture and Rural Development, Vietnam’s threelargest tea importers include Pakistan , Russia and Taiwan .

Withexport price being equivalent to 60-70 percent of the world’s averagelevel, the Vietnam Tea Association forecast the country would ear anexport value of 200 million USD this year, a year-on-year increase of 10percent despite facing a decrease in tea harvest due to unfavourableweather.

Vietnam currently ranks fifth in the world in terms of tea production and export.

Vietnamesetea has been exported to 110 countries and territories and the“CheViet” brand name has been registered and protected in 70 marketsworldwide./.

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