Bangla Tea Output at Record High
Bangla Tea Output at Record High

Bangla Tea Output at Record High

Bangla Tea Output at Record High

Bangladesh’s tea output in 2016 is expected to hit a record 80 million kg from 66 million a year earlier, the commerce minister said, a volume that may be big enough to make imports unnecessary, Reuters reported. The country became a net importer of tea after ranking as the world’s fifth-largest exporter in 1990s, due to a big increase in domestic consumption. “Tea production this year is likely to hit all-time high of 80 million kg,” Tofail Ahmed, the minister, told reporters when announcing a tea exposition on Jan. 12-14. Domestic consumption has been rising by more than 3% annually, in line with economic growth. Bangladesh has imported tea mostly from India and Thailand, market sources said. Tea is sold at the country’s sole auction center, in the port city of Chittagong, where most of it is picked up by domestic buyers. Bangladesh also exports a small quantity, mainly to United Arab Emirates and Saudi Arabia, where many Bangladeshis work.


Short URL : https://goo.gl/DdvB2d
  1. https://goo.gl/t9buhB
  • https://goo.gl/uIryLL
  • https://goo.gl/YULUQP
  • https://goo.gl/Tpyywy
  • https://goo.gl/IPZXFE

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints