Feb 16, 2022
India's information technology (IT) sector is expected to grow at 15.5% YoY, highest in over a decade to touch US$ 227 billion in FY22, acco
seen from Australia
seen from United States
seen from Türkiye
seen from Maldives
seen from Sweden
seen from Canada
seen from Maldives
seen from United States
seen from United Kingdom
seen from South Korea
seen from United States
seen from China
seen from China
seen from France
seen from United States
seen from Russia
seen from Germany
seen from United States
seen from Venezuela
seen from Russia
India's information technology (IT) sector is expected to grow at 15.5% YoY, highest in over a decade to touch US$ 227 billion in FY22, acco
New Post has been published on Trading Review 360
New Post has been published on http://tradingreview360.com/burundi-tea-earnings-up-18-pct-in-2012-on-higher-volumes-prices.html
Burundi tea earnings up 18 pct in 2012 on higher volumes, prices
[US Market News] TradingReview360.com: We search to deliver you the breaking news stories from around the globe. The article below is related to the latest US Market News.
Read on to discover more:
BUJUMBURA (Reuters) – Burundi‘s tea export revenues rose 18 percent in 2012 from a year before due to sharp rises in both volumes and prices, a tea board official said on Thursday.
Tea is the central African country‘s second-largest hard currency earner after coffee, and supports some 300,000 smallholder farmers in the nation of 8 million people.
The tiny landlocked country’s state-run tea board said January to December earnings climbed to $26.3 million from the export of 8,760,671 kg, up from $22.2 million earned in 2011 from the sale of 7,964,373 kg.
“Tea output increased in 2012 due to good rains and this enabled the county to export high quantities of the commodity,” said Joseph Marc Ndahigeze, an officer in charge of exports.
“Overall earnings also rose due to a stronger regional market depending on a fall in cumulative production of the Kenyan tea,” he told Reuters.
Ndahigeze said the export average price per kg reached $3.00, up from $2.80 in 2011.
Monthly revenues also rose to $1.54 million in December last year from $1.08 million collected the same month in 2011.
Burundi exports 80 percent of its tea through a regional weekly auction held in Kenya’s Indian Ocean port city of Mombasa.
Check out the original source here.
We hope that you felt the above article was useful. Please feel free to share this post.
Staying on par with the Market News from around the globe is essential for traders and investors alike. Whether it is political, economic or social changes which could impact your financial investments in the brief, moderate or long term, it’s great to be in the know.
We aspire to bring you the current news as it breaks, so you are ahead of the majority of traders and investors .