Bad news - the cost of a cup of tea is set to rise next month after droughts and the falling pound have increased the price of tea. A combination of factors have driven up auction prices for tea over the past year: the United Kingdom Tea Council reports that droughts in India, Kenya and Sri Lanka have caused crop failures, with production in East Africa falling by 10%. The collapse in sterling has also made tea much more expensive for British importers who buy tea in dollars.
Tuesday 19 May 2009
Tea to increase in price
Bad news - the cost of a cup of tea is set to rise next month after droughts and the falling pound have increased the price of tea. A combination of factors have driven up auction prices for tea over the past year: the United Kingdom Tea Council reports that droughts in India, Kenya and Sri Lanka have caused crop failures, with production in East Africa falling by 10%. The collapse in sterling has also made tea much more expensive for British importers who buy tea in dollars.
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