March 14, 2023 (MLN): Tea lovers in Pakistan may have to brace themselves for a possible tea shortage before the arrival of Ramadan due to a significant decrease in the import of tea leaves in recent months.
According to the Pakistan Tea Association, the import of tea leaves has decreased by 52% in just two months, with only 11,940 tons of leaves imported in February compared to 24,765 tons in December.
The association also revealed that containers are being allowed to be released only in case of deferred payments of 180 days by importers.
This has resulted in importers importing 50% less tea than the monthly demand, causing an imbalance of supply and demand in the market.
As a result, the price of tea leaves has increased by Rs 700 per kg in the market from February to mid-March, with the price of leaf increasing from 1100 rupees to 1800 rupees.
Furthermore, banks are also not issuing documents for clearance of imported paper on deferred payments of 180 days. This has made it difficult for importers to clear their imported tea leaves, exacerbating the situation further.
Convener of the Pakistan Tea Association, Zeeshan Maqsood, expressed his concerns over the situation, stating that the leaf is not being given the status of staple food, despite its importance in the daily lives of many Pakistanis.
He warned that due to the imbalance of supply and demand, the price of tea leaves is likely to increase further, which could cause difficulties for those on a limited budget.
Tea is a popular beverage in Pakistan, and it is consumed throughout the day, especially during the holy month of Ramadan. With the decrease in the import of tea leaves, there are fears that tea lovers may face difficulties in getting their hands on their favorite beverage in the coming weeks.
The Pakistan Tea Association is urging the government to take immediate action to address the issue and ensure a steady supply of tea leaves in the market.
Copyright Mettis Link News
Posted on: 2023-03-14T13:50:08+05:00