Tridge summary
In July 2020, Vietnam saw a slight increase in tea exports, reaching 13.4 thousand tons with a value of $ 22.2 million, despite a slight decrease in price compared to the same period in 2019. The first seven months of 2020 saw a slight increase in both volume and value of tea exports compared to the same period in 2019, with the average export price decreasing by 9.1%. The export price is expected to increase due to a global shortage of tea, with production in many countries, including India, Sri Lanka, Bangladesh, and Malawi, decreasing due to adverse weather and social dislocations caused by the COVID-19 epidemic. However, Kenya has seen an increase in production. Vietnam's tea exports to some markets, such as Pakistan, have decreased, while exports to Russia, Indonesia, and the United Arab Emirates have increased.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the Department of Import and Export (Ministry of Industry and Trade), according to the General Department of Customs, in July 2020 tea exports reached 13.4 thousand tons, worth $ 22.2 million, up 15.1% in volume and decreased. 1.3% in value over the same period in 2019. The average export tea price in July 2020 reached 1,659.3 USD / ton, down 14.3% compared to July 2019. Accumulated from the beginning of 2020 to the end of July 2020, tea exports reached 71.3 thousand tons, worth $ 113 million, up 3.2% in volume and 6.1% in value over the same period in 2019. The average export tea price in the first 7 months of 2020 reached 1,585.2 USD / ton, down 9.1% over the same period in 2019. According to the Import and Export Department in the coming time, tea prices are forecast to increase due to There is a shortage of tea in the world, many tea-producing countries in the world are affected by floods and social disruption to prevent the spread of disease. In the first 7 ...
Source: CafeF
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