Vietnam's tea exports to reach $245m by year-end
The Vietnam Tea Association expects the Asian country to earn $245 million from foreign tea trade by the end of this year. Tea exports rebounded strongly in October with 12,000 tons, worth $21 million, despite unfavorable weather conditions and lackluster sales year to date, when exports totaled only 109,000 tons for the first ten months at a value of $186 million. The pick up was achieved thanks to increased promotional activities aimed at foreign buyers and improvements in product quality. Pakistan remains the leading export market for Vietnamese tea, having increased purchases by 67% in volume and 94% in value from a year ago. Similarly to other tea producing countries, parts of Vietnam were plagued by prolonged droughts and heavy rainfall earlier this year.