Tea shortage 'set to make prices soar'.
Byline: RUKI SAYID Consumer Editor
THE cost of a cuppa could soar as the world faces a tea shortage, experts warn.
Production has fallen by 12% in top supplier Kenya after drought hit harvests.
Wholesale prices could shoot up in the next six months as tea firms look to India and Sri Lanka to plug the shortfall.
Market analysts Mintec said Indian tea prices are expected to soar by up to 40% while in Kenya they will increase by up to 20%.
In Sri Lanka, where production is said to be stable, they are likely to rise by 9%, Mintec said.
Tea firms told trade journal The Grocer they are working with suppliers to keep prices steady. Taylors of Harrogate said it was "well set up to respond to price fluctuations".
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