Corporate News
Record winter spell in Europe set to boost tea earnings
Tea harvesting. The ongoing heavy rains are set to boost supplies. File
By ZEDDY SAMBU
(email the author)
Posted Sunday, January 17 2010 at 17:42
Posted Sunday, January 17 2010 at 17:42
Last year tea prices surged by 86 per cent to a record high as drought hit Kenya, Sri Lanka and India, the world’s top exporters, cutting supplies.
Industry analysts had initially believed that the price could hit £2.25 (about Sh225) because of poor weather in main producing country’s like Kenya.
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