Tea exports increased in volume but decreased in value in the first 7 months of 2019

Published Aug 10, 2020

Tridge summary

The Import and Export Department (Ministry of Industry and Trade) said that, according to estimates, in July 2020, tea exports reached 12 thousand tons, worth $ 19 million, up 3.2% in volume and 15.5% in value. price over the same period in 2019. The average export tea price in July 2020 was estimated at 1,583.3 USD / ton, down 18.2% compared to July 2019. Cumulative from the beginning of 2020 to the end of July 2020, tea exports are estimated at 70 thousand tons, worth $ 110 million, up 1.3% in volume and 8.7% in value over the same period in 2019.

Original content

The average export tea price in the first 7 months of 2020 is estimated at 1,570.8 USD / ton, down 9.9% over the same period in 2019. According to the Import and Export Department, Vietnam's tea export industry is difficult to recover in In the second half of 2020, the global translation of Covid-19 continues to be complicated. The Covid-19 epidemic is still booming and spreading in many important markets of the Vietnamese tea industry, disrupting production and export activities. Vietnam's tea exports to major markets such as Pakistan, Taiwan, and China all fell sharply. In addition, other markets fail to sign new contracts, previously signed contracts are required to reduce prices and delay delivery time and even cancel contracts. In the first half of 2020, tea exports to Pakistan market reached 15.4 thousand tons, worth $ 29.2 million, down 10.9% in volume and 15.6% in value over the same period in 2019. Followed by Taiwan market with 7.3 thousand tons, worth 11.5 million USD, ...
Source: CafeF
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