Global tea shortage predicted to rise
According to McLeod Russel, the world's largest tea plantation company, global tea shortage may increase by 10% next year due to droughts in Kenya, Sri Lanka and India. The company's managing director believes the deficit may widen to 110 million kilograms by May to June next year, compared with 100 million kilograms this year, and tea prices are likely to increase by another 15% over the next twelve months.