WORLD NEWS | DMCC’s Global Dubai Tea Forum targets global tea trade growth

dubai [UAE]April 27 (ANI/WAM): DMCC – the global flagship free zone and government of the Dubai Authority for Commodities Trade and Enterprise – has successfully concluded its industry-leading eighth edition of the Global Dubai Tea Forum (GDTF), held at Address Dubai Marina Hotel April 25-27.

GDTF 2023 is hosted by DMCC Tea Center, with the theme of “Unlocking the Future of Tea: From Consumption Trends to New Market Opportunities”, attracting more than 300 industry experts including traders, producers, suppliers, buyers and governments from all over the world Attend with professionals.

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During the three-day conference, industry stakeholders discussed key trends in the global tea market and discussed how current opportunities can be leveraged to drive its sustainable growth.

Abdullah Al Saleh, Undersecretary of the Ministry of Economy, delivered the opening keynote speech, saying: “With its strategic location at the crossroads of the world, advanced infrastructure and favorable business ecosystem, the UAE is fully Capable of driving the global tea trade. In 2021, we rank first in global tea re-exports with a value and volume contribution of 51%, and fifth in tea trade after major producing countries. Therefore, the UAE is ideal to host tea Such an important forum for venues brings together traders and industry players to shape the future of tea.”

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Welcoming the delegates, Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: “Tea is one of the oldest traded commodities in the Beginning with the first tea leaves in ancient times, through the tea horse road leading to today’s groundbreaking new tastes.Tea is the second most consumed beverage in the world after water, the star of tea will soar in the next few years, the global market value is expected Will grow by 40%. This is us in Dubai, where the DMCC tea center now handles an average of 43,000 metric tons of loose tea per year, making the UAE one of the largest tea re-exporters in the world today.

The industry continues to evolve at a rapid pace and we expect new concepts, innovation and trade to migrate to Dubai in the coming years along with the global growth trajectory of the tea industry. “

With its strategic location, advanced infrastructure and strong business environment, Dubai has positioned itself as an important link connecting the world’s largest tea producer and consumer market. The emirate has established itself as one of the world’s leading centers for the tea trade and is emerging as a center for innovation and value addition in the tea industry.

In line with its mission to attract, facilitate and direct new trade flows through Dubai, DMCC has been a driving force in promoting the emirate as a leading global hub for the tea trade. Since its inception in 2005, the DMCC Tea Center has continued to grow, handling an average of 43,000 metric tons of tea per year. The services provided by the center have proven invaluable to the entire tea value chain, providing tea businesses with one-stop solutions and enabling them to capitalize on opportunities within the industry.

Saeed Al Suwaidi, Director of Agricultural Commodities at DMCC added: “The DMCC Tea Center has played an important role in positioning Dubai as a hub for the global tea trade. This world-class facility aims to grow and grow the tea trade by connecting the markets through Dubai. Building on a record-breaking 2022, our tea center is poised for another great year in 2023. This growth will be driven by technology and automation, and a focus on developing specialty teas and innovative brews will delight tea lovers around the world Happy.”

To encourage meaningful dialogue on the most critical challenges and growth opportunities within the tea industry, GDTF 2023 offers a busy agenda with interactive presentations and four main panels titled: “Producing Countries – Growth, Trends and Opportunities ”, “Consumer Trends: Consumer Awareness, Choice and Competition”, “Sustainability: From Packaging and Plastics to Transparency and Fair Trade” and “Technology, Innovation and Disruption in the Tea Industry”.

The breadth of topics discussed reflected the wide range of stakeholders in attendance. Delegates explored key trends, such as growing demand for greater selection and variety, including new flavored teas and specialty products, and addressed key challenges, including transportation constraints affecting supply chains, geopolitical tensions, and inflation Resulting uncertainty, and climate change affecting production. Additionally, the discussion highlighted how new technologies, innovations and the push for greater sustainability will disrupt and shape the tea market at every level of the supply chain in the coming years.

GDTF 2023 is supported and sponsored by several leading organizations in the industry. Platinum sponsors include dph Group, a one-stop shop for all tea packaging needs, Glatfelter, a world-leading supplier of engineered materials, and HST Machines, a developer and producer of high-performance packaging machines, as well as Diamond sponsor Reliance Latea, a source of premium tea products and manufacturers.

GDTF is one of the most important events in the global tea industry calendar, playing an important role in shaping the future of the industry and promoting its growth by bringing key stakeholders together and providing a platform for collaboration. (ANI/WAM)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)