Overview of Tea Production and Export Situation in Vietnam in 2023
I. Production: Total area: 115,000 hectares. Average yield: 7.5 tons per hectare. Fresh tea output: 860,000 tons. Finished tea output: 170,000 tons. II. Consumption: Official export: 121,000 tons. Informal export: 6,000 tons. Domestic consumption: 45,000 tons. III. Total Revenue: Official export revenue: $210 million USD. Informal export revenue: $12 million USD. Domestic consumption revenue: $315 […]
Freight Rates Spike as Red Sea Shipping Disruptions Surge
This week, sea freight rates from Shanghai (China) to the UK increased to $10,000 per 40-foot container, four times higher than last week’s level of $2,400. MSC, the world’s largest shipping company, recently increased container shipping rates from India by 30-40%. By the morning of December 21, a total of 158 container ships were diverted […]
