Harvesting tea in Dong Hy district, Thai Nguyen province (Source: VNA) In May alone, export volume was estimated at 10,000tonnes with turnover of 17 million USD, according to the Ministry of Agricultureand Rural Development.
However, the tea price for export in the last five months decreased 3.8 percentcompared to the same period last year, to 1,452 USD per tonne on average.
India wasthe top consumption market of Vietnamese tea in the period, with export volumeto the market increasing 11.6 times year-on-year.
It was followed by Poland, the United Arab Emirates (UAE),Taiwan (China) and Russia, with respective rises of 93.6 percent, 77.5 percent,44.3 percent and 17.5 percent.
However, exports to Pakistan, the biggest market of Vietnam’s tea with 25.5percent of the market share, decreased by 1.4 percent in volume and 6.3 percentin value compared to the same period last year.
The Vietnam Tea Association (VITAS) predicted that the country’s export volumein 2017 will increase by about 10 percent from 2016.
Vietnam exports tea to 110 countries and territories worldwide, with the Vietnamesetea brand registered for protection in 70 countries and regions.
Vietnam’s key tea export markets are Afghanistan, Indonesia, Russia, Pakistan,Taiwan (China), the US, China, the UK and the UAE.
Vietnam mainly exports black tea, accounting for about 78 percent oftotal tea exports.
According to Nguyen Huu Tai, President of the VITAS, Vietnam has greatpotential to expand production of “Shan Tuyet” tea, which is hoped to become akey tea product for export soon.
Vietnam is the world's seventh largest tea producerand among the top five tea exporters. However, the countryships mainly material tea and low-value tea products.
Experts said Vietnam should look to export high-value teaproducts instead, adding that the State needs tochange management institutions to support tea producers and exporters.-VNA
VNA
