The price of export tea has recently increased after experiencing atwo-year downturn, according to the Vietnam Tea Association (VTA).
"Aftertwo years, the price has increased. In the first 10 months of thisyear, the average tea price was more than 1,460 USD per tonne, anincrease of more than 11 percent over the same period last year," saidTran Van Gia, deputy chairman of the VTA.
In the northernprovince of Thai Nguyen, the national tea hub, the price currentlystands at about 70 million VND (3,300 USD) per tonne, a year-on-yearincrease of roughly 20 percent, and that of higher-quality tea is muchmore, at between 90 million VND (4,200 USD) and 120 million VND (5,700USD) per tonne.
"Vietnam's tea has become highly regarded in the world market. Its price has reached the regional level," Gia said.
"The price will continue to increase strongly, especially for the coming Lunar New Year Festival."
Thanksto the higher price, the total tea export turnover for the first 11months of 2010 increased by 11.5 percent year-on-year to 182 millionUSD, a significant increase given that the export volume during thattime increased by only 2 percent to 125,000 tonnes.
"The Vietnamtea industry has earned this reward because it has worked hard toimprove quality and ensure food safety," Gia said, adding that theindustry had held training courses for farmers to help them improvetheir produce.
Vietnam is the fifth largest exporter of tea inthe world, shipping to 110 nations and territories. The "Che Viet"trademark is registered and protected in 70 markets.
Tea hasplayed an important role in eradicating hunger and reducing poverty.About 6 million people in Vietnam work in the tea industry./.
"Aftertwo years, the price has increased. In the first 10 months of thisyear, the average tea price was more than 1,460 USD per tonne, anincrease of more than 11 percent over the same period last year," saidTran Van Gia, deputy chairman of the VTA.
In the northernprovince of Thai Nguyen, the national tea hub, the price currentlystands at about 70 million VND (3,300 USD) per tonne, a year-on-yearincrease of roughly 20 percent, and that of higher-quality tea is muchmore, at between 90 million VND (4,200 USD) and 120 million VND (5,700USD) per tonne.
"Vietnam's tea has become highly regarded in the world market. Its price has reached the regional level," Gia said.
"The price will continue to increase strongly, especially for the coming Lunar New Year Festival."
Thanksto the higher price, the total tea export turnover for the first 11months of 2010 increased by 11.5 percent year-on-year to 182 millionUSD, a significant increase given that the export volume during thattime increased by only 2 percent to 125,000 tonnes.
"The Vietnamtea industry has earned this reward because it has worked hard toimprove quality and ensure food safety," Gia said, adding that theindustry had held training courses for farmers to help them improvetheir produce.
Vietnam is the fifth largest exporter of tea inthe world, shipping to 110 nations and territories. The "Che Viet"trademark is registered and protected in 70 markets.
Tea hasplayed an important role in eradicating hunger and reducing poverty.About 6 million people in Vietnam work in the tea industry./.
