Tea prices have seen a significant rise of 93.75 INR/Kgs, equating to a staggering 61.79% increase since the beginning of 2024, driven by trading activities on a contract for difference (CFD) that monitors the benchmark market for this essential commodity. Historically, the price of tea peaked at 262.91 INR/Kgs in Stember 2020, showcasing its volatile nature.
Looking ahead, experts anticipate that tea will stabilize at approximately 259.86 INR/Kgs by the end of the current quarter. Furthermore, projections indicate that prices could escalate to 376.86 INR/Kgs within the next twelve months, according to global macro models and analyst expectations.