May2018CCP:TE18/CRS1ECOMMITTEEONCOMMODITYPROBLEMSINTERGOVERNMENTALGROUPONTEATWENTY-THIRDSESSIONHangzhou,thePeople’sRepublicofChina,17-20May2018CURRENTMARKETSITUATIONANDMEDIUMTERMOUTLOOKI.INTRODUCTION1.DocumentCCP:TE18/CRS1presentsanoverviewofthecurrentmarketsituationandmediumtermoutlookto2027fortea.TheanalysisisbasedondatareceivedbytheSecretariatfrommembercountries,supplementedbydatafromothersources,includingFAOSTATandtheInternationalTeaCommittee(ITC).Macro-economicdataweresourcedfromtheInternationalMonetaryFund(IMF),WorldBankandOrganizationforEconomicCooperationandDevelopment(OECD),particularlyforthoseusedinthemediumtermprojections.2.Tosupplementtheinfo...
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