The global tea market is experiencing a rare period of supply and demand imbalance

Source: Vietnambiz.vn Report of the Department of Agro-product Processing and Market Development (Ministry of Agriculture and Rural Development) foreseeing the impact of the COVID-19 pandemic, the global tea market is going through a period of a rare supply-demand imbalance in recent years. Tea harvesting in many countries is interrupted by labor shortages when many countries adopt social isolation policies, while the demand for tea and beverages is known for its strengthening effect. Immune system, increased sharply. Trade restrictive policies to minimize the spread of the COVID-19 pandemic, especially in 5 countries China, India, Kenya, Sri Lanka and Vietnam (accounting for over 80% of the tea market ), being applied in the middle of the peak season of tea harvesting, causing many shipments of tea to be interrupted for about a month, affecting the supply, pushing up the price of tea on the world market suddenly. Spot tea prices at auctions in May (as of May 20) in Mombasa, Kenya ...