Tea prices
31 March 2009 | Jake Kanter
Hold on to your crockery, because tea prices are set to reach an all-time high.
According to this story in the Financial Times, the world’s key exporting countries, including India, Kenya and Sri Lanka, have suffered from droughts and will produce less tea this year. As a result, high demand from the UK and Russia, the two biggest tea importers in the world, will push up prices.
This could pose a genuine challenge for some buyers, charged with keeping a tea thirsty organisation in brews. Perhaps a strict tea-bag sharing policy could be introduced?
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I am not sure what a tea sharing policy entails, on a light note maybe we can start by skipping a cup until we can learn to consume less.
On a more serious note, importers can look elsewhere to meet its local demand, this can be achieved by encouraging the establishment of regional pick up points in areas which are not usually sourced from or through farmers associations.
It is likely that some places have not put their tea harvest on the export market because they don’t want to go through the trouble or just don’t know how to or why they should.