Tea exports from India, the world’s largest producer, rose 15 percent in the first 10 months of the year after production rose and drought reduced output in Kenya, the world’s biggest exporter.
Overseas sales climbed to 156.5 million kilograms between January and October from 141.9 million kilograms a year earlier, said the Indian Tea Association, an organization of tea producers and exporters.
Production rose 4 percent to 832.6 million kilograms year on year, the association said.
India’s exports may rise 28 percent this year to 200 million kilograms from a year ago because of reduced shipments from Kenya, Tea Board chairman Basudeb Banerjee said in June.
Production may rise 1.6 percent to 960 million kilograms on good monsoon rains.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
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