Business/Economy- Tea, Coffee, Cashew -One Liners

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Business/Economy

 

Tea, Coffee, Cashew -One Liners

 

1-India is one of the world’s largest consumers of tea, with about three-fourths of the country’s total produce consumed locally.

2-The main tea-growing regions are in Northeast India (including Assam) and in north Bengal (Darjeeling district and the Dooars region).

3-Tea exports from India stood at 101.04 kg, valued at US$ 306.9 million in April-September 2016.

4-TEA BOARD OF INDIA was set up under the Tea Act, 1953, and it started functioning in April 1954.Its headquarters are in Kolkata, with 17 offices across India.

5-During April-September 2016, major importers of Indian tea were Egypt, Pakistan, UK, Iraq, Iran and Russia.

6-India has a manufacturing base for both CTC and orthodox tea, in addition to green tea.

7-In India, coffee is grown in regions that receive 2,500–4,000mm rainfall across more than 100 days, followed by a continuous dry period of a similar duration

8-India is the third-largest producer and exporter of coffee in Asia, and the sixth-largest producer and fifth-largest exporter of coffee in the world.

9-Italy, Russia, Germany, Belgium, Turkey, Slovenia, Jordan, Australia, Greece and Poland are the leading importers of Indian coffee.

10-Of the total coffee produced in India, 70 per cent is exported and 30 per cent is consumed domestically.

11-Over April 2016-March 2017 (provisional), coffee exports from India stood at 358,458 tonnes valued at US$ 848.60 million, registering a year-on-year growth of 12.70 per cent.

12-Since 2002, the Coffee Board of India has been conducting the India International Coffee Festival, a biennial event held in India in collaboration with other industry stakeholders.

13-Cashew (Anacardium occidentale L.), a tree native of Eastern Brazil, was introduced in India by the Portuguese nearly five centuries ago.

14-In India, cashew was first introduced in Goa, from where it spread to other parts of the country.

15-India is the largest cashew processor in the world (25 lt of raw cashew nut per annum)

16-India accounts for about 65 per cent of global cashew exports.

17-The US is the largest market for Indian cashew kernels, followed by the UAE and the Netherlands

18-The Cashew Export Promotion Council of India (CEPCI) works to promote the export of cashew kernels and CNSL.

19-India exports cashew kernels to over 60 countries. Its major markets are the US, the Netherlands, Japan, Spain, France, Germany, the UK as well as Middle East countries such as the UAE and Saudi Arabia.

20-Commercial cultivation of Cashew began in the early 1960s and, over the years, cashew became a crop with high economic value

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