Industry

India's exports decline in '08

Tea Board of India
Tea Board of India

The Tea Board of India has announced an unexpected decline in country's exports for the 2007-2008 period. According to statistics, the drop represents 32.83 million kg compared to the previous fiscal year and is due to lower exports to Iraq, Pakistan, Kenya, the U.K. and Afghanistan. The wide difference that was observed between the estimates and the final figures is attributed to non-submission of export information by tea exporters at the time of estimation of monthly exports for different months of the year.

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