Monday, March 30, 2009

Tea prices to soar after droughts

Sorry about the light posting today, reality has attempted to intrude on the blogging. Here's one for my English friends, from the Financial Times:

Tea prices are set to jump to a record high after damage to production in the main exporting countries from simultaneous droughts, the United Nations’ Food and Agriculture Organisation and industry executives have forecast.

Kaison Chang, a tea specialist at the FAO in Rome, said dry weather had led to low yields in India, Kenya and Sri Lanka. “Prices should go up,” he said....MORE