Stable weather to increase tea output in 2010
Tea prices are due to come down in 2010 from their record highs this year, the United Nations Food and Agriculture Organisation predicts. A return of normal weather patterns in leading producer regions should alleviate tight supplies that have sent tea prices soaring in 2009, as major droughts have affected the growing regions in India, Sri Lanka and Kenya during Spring and Summer. The FAO tea composite, an indicative world price for black tea, reached a high of $3.18 a kilo in September compared with an average price of $2.38 in 2008.