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Trouble brews for tea growers in wake of Egypt crisis

Posted on 02 September 2013

Tea prices have plunged more than a third over the past year as the crisis in Egypt, the world’s fifth largest importer, has cut demand just as global production has rebounded after several years of bad crops.
The commodity, which is critical to several east African economies, is now selling at its lowest price in more than three years. Kenya is the world’s largest exporter of black tea, followed by Sri Lanka and India………………………………………..Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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