Chazeiras de Moçambique, one of Mozambique’s leading tea producers, plans to export 1,350 tons of tea in the current production campaign, an increase of 5.6% compared to the 1,278 tons exported in 2017, a company representative told daily newspaper Diário de Moçambique.
Expected tea exports, Almeida Lee told the newspaper, point to revenue of US$1.83 million, after reaching US$1.63 million in the previous season.
“The value of revenue in dollars varies from 5.0% to 10%, and the exchange rate of the dollar in relation to the metical also plays an important role in the stability of the tea producing companies, considering production costs, which are mostly in meticais,” Lee said.
Lee also told the newspaper that demand has grown annually in both the domestic and international markets, with an increase in international prices expected in 2018, of between 10% and 15% due to the drop in production in some large tea producing countries, including India and Kenya.
Chazeiras de Moçambique, one of the few companies able to survive in the area of tea cultivation, processing and marketing in Mozambique, has a limited activity to the district of Gurué after previously operating in other districts such as Ile, Lugela and Milange, all in the province of Zambézia. (macauhub)