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. Last Updated: 07/27/2016

Indian Tea Target Set

MOSCOW -- India plans to maintain tea exports to Russia at 100,000 metric tons this year, or two-thirds of total demand in its largest market, T.K. Chakraborty, head of India's Tea Board in Moscow, said Tuesday.

"The general demand of the market will require around 100,000 tons in 2000, that's our indicative target for the year," he said.

Chakraborty expected India to remain by far the dominant player in Russia's 150,000 tons per year market.

Russia was crucially important to India, whose second largest market, Britain, imported just 25,000 to 30,000 tons per year of Indian tea.

Customs data showed Indian tea imported to Russia in January to September 1999 was worth an average $1.91 per kilo, valuing imports in that period alone at $160 million, and valuing annual imports at $190 million if the 100,000-ton total proved right.