Fourth increase in tea prices in three months
Tea prices have increased for the fourth time in three months.
Çaykur, which increased the price of tea by 43 to 45 percent on June 8, 9.8 percent on July 14 and 5 percent on August 15, made another 15 percent increase from from this morning.
Sector sources, consulted by Sozcu.com.tr, said they expected a 10 percent increase starting this month and that the increase in question exceeded their expectations.
AN INCREASE OF 10 PERCENT EVERY MONTH IS EXPECTED UNTIL THE END OF THE YEAR
According to sources, the reason for the increase is the increase in costs, especially the price of fuel.
An industry representative said: “If the increase had not been made, both Çaykur and the private sector would have suffered losses. The fact that there were no increases until the elections put the market in a difficult situation. “To avoid losses due to rising costs, a 10 percent increase is expected each month until the end of the year,” he said.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
