Tea prices predicted to stop rising, stay volatile
According to the chief executive of the London-based International Tea Committee, tea prices are unlikely to continue their rise after reaching record highs in several key auctions in recent weeks. Manuja Peiris cites better output in India, as well as an end to the panic buying before the holy month of Ramadan from Islamic countries. Although the production is expected to recover in early 2010, prices may remain somewhat volatile.