20 June 2009

Dubai Tea Trading Centre launches new facility for global tea industry

dubai-tea-trading-centerThe Dubai Tea Trading Centre (DTTC), a division of the Dubai Multi Commodities Centre (DMCC), unveiled its new centralised tea storage, blending and value addition services as part of its expansion plans to accommodate the growing activities of the centre. The new facility was inaugurated by Jamal Majid Bin Thaniah; Executive Vice Chairman, DP World and Group CEO, Ports Customs World; and Salma Ali Saif Bin Hareb Chief Executive Officer - Economic Zones World. The 23,731 square metre facility in Jebel Ali Free Zone also includes office space for regional and international tea companies.
DTTC’s new facility offers services across the entire value chain of the tea industry ranging from storage, tea tasting, blending, packaging as well as networking opportunities leading to increased trade. The new facility also provides dedicated individual storage space, free storage for a limited period of time, and temperature-controlled blending and packing facilities for a wide range of teas under one roof.
“Tea is a truly global commodity – consumed among a wide array of peoples and cultures. It is fitting that Dubai, with its geographic advantage and world-class infrastructure, is perfectly placed to become an important hub for international tea trade,” said Ahmed Bin Sulayem, Executive Chairman, DMCC. “DTTC has already made significant contribution to growing the tea trade. This new facility – a one-stop solution for the tea industry - will further boost tea traded through the emirate, contributing to the ongoing diversification of the emirate’s dynamic economy.”
DTTC’s success is demonstrated by Dubai’s encouraging tea growth, which is evident from the growing tea trade. In 2008, Dubai’s total tea trade reached 148.6 million kilos, compared to 144.6 million kilos in 2007. In the same period, 5.92 million kilos of multi-origin teas were transacted through the DTTC, representing an annual growth of 15 per cent.
Sanjay Sethi, Head of the DTTC, said: “DTTC’s new facility is a milestone for the Centre as well as the global tea trade. As Dubai is neither a producer nor a significant consumer of tea, it is well positioned to offer integrated services across the tea industry. We have already seen immense interest from international tea traders to avail these new facilities. We are confident that the new Centre will attract more tea traders and boost the volumes of tea traded through Dubai,” he added.
The new Centre has the capacity to store up to 5000 metric tonnes of bulk teas at any given time. In addition, up to 2400 metric tonnes of CTC teas and leaf teas can be blended per month. DTTC’s new facility also has the capacity to pack up to 250 metric tones of tea in tea bags every month and upto 900 metric tones of loose tea in retail format per month. These comprehensive services are expected to further help boost the volume of tea traded through Dubai.
In addition to providing market infrastructure, DTTC also enables tea traders to access finance through the services of the Global Multi Commodity Receipt (GMR).
The DTTC presently stocks teas from 13 producing countries, including Kenya, India, Sri Lanka, Indonesia, Malawi, Rwanda, Tanzania, Zimbabwe, Ethiopia, Vietnam, Nepal, China and Iran. In keeping with its mandate to further increase the tea trade in and through Dubai, the DTTC also facilitates sales with buyers in the GCC countries, Iran, Iraq, Jordan, Morocco, Pakistan, Afghanistan and the CIS countries and has plans to expand its services to other Middle East and European markets.

Links to this post


Post a Comment

Links to this post:

« first page


ePathram Pacha
ePathram Magazine

ബുക്ക് റിപബ്ലിക് - e പത്രം പിന്തുണക്കുന്ന വെബ് സൈറ്റ്
dubaieasy - e പത്രം പിന്തുണക്കുന്ന വെബ് സൈറ്റ്

Click here to download Malayalam fonts
Click here to download Malayalam fonts

സ്വകാര്യതാ നയം | സംഘടനാ വിവരങ്ങള്‍ | പരസ്യ സഹായി | പത്രാധിപര്‍

© e പത്രം 2010


പ്രധാന വാര്‍ത്തകള്‍
പ്രാദേശിക വാര്‍ത്തകള്‍
സിറ്റിസണ്‍ ജേണലിസം
വിനോദം, സിനിമ
ബിസിനസ്സ് വാര്‍ത്തകള്‍

News in English


കലാ സാഹിത്യം



മഞ്ഞ (മാഗസിന്‍)




പച്ച (പരിസ്ഥിതി)

മറ്റ് പംക്തികള്‍

ഹെല്പ് ഡെസ്ക്
വെബ്ബന്നൂരില്‍ കണ്ടത്
വായനക്കാര്‍ പറഞ്ഞത്