Things have just started looking up, inflation is under control, an interest rate cut could come next month, but tea leaf production in India is about to throw a spanner in the works.
The price of a cuppa could be about to rise after harvests in places across the country were drastically reduced by extreme weather events – including floods and heatwaves.
As a result, it’s predicted average tea prices this year could be 16% to 20% higher than in 2023.
In the last week of June, the typical price of Indian tea leaves rose to more than £2 per kg – a near 20% increase, according to the Tea Board.
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