Increasing demand but limited supply of tea leads to drastic price increases

Nguyen Quan
Published 2020년 5월 12일
The global demand for food and beverages is rising, and tea is emerging as the world's most consumed beverage because of its low caffeine content and health benefits. However, the social isolation policy has significantly decreased the available supply of tea. China, India, Kenya, Sri Lanka, and Vietnam account for around 80% of the world's tea supply, and the effects of the pandemic in these countries have led to serious supply chain disruptions in the global tea market. Governmental policies restricting travel during the main harvest season for tea has significantly decreased the yield. The price of raw tea has increased by 30% compared to the time before many countries conducted social isolation.
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