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Insight of the Day: Why is the price of tea going up?

he price of tea has been increasing significantly recently. According to Trading Economics, it was 109.35 INR (€1.21) per kg on 30 March and 192.85 INR (€2.14) per kg on 4 May. The reasons behind this upward trend are a combination of geopolitical instability and environmental pressures

Geopolitical factors, such as trade tensions and political instability in tea-producing regions, can disrupt supply chains and affect prices. Additionally, environmental challenges, including climate change and extreme weather events, impact tea cultivation and production. These factors collectively contribute to the rising costs of tea.

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