BGN Entrepreneur » tea price http://bgnentrepreneur.net Business Growth Network Entrepreneurial - Daily Fresh Business News Wed, 08 Feb 2012 15:53:49 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Tea Price‏ to Jump to Record High http://bgnentrepreneur.net/tea-price%e2%80%8f-to-jump-to-record-high/ http://bgnentrepreneur.net/tea-price%e2%80%8f-to-jump-to-record-high/#comments Mon, 29 Jun 2009 13:44:43 +0000 Sky http://bgnentrepreneur.net/?p=5078
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    • ]]>     The price of tea is predicted to jump to a record high after droughts in India, Kenya and Sri Lanka hit production.
    A box of 80 Tesco premium teabags is already up to 99p from 68p a year ago, which is a rise of 45.5%. More price rises are expected across the indistry. Tea produced at high altitude, such as Darjeeling, have been hit worst by the drought. Producers had to raid storage reserves last year after total demand of 3.85 million tons trailed the 3.78 million tons produced.
    The fall of the pound against the dollar, the currency used for global tea trades, has also pushed up prices in the UK.

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