Trade of the Week: Brewing profits from tea

Investors in the largest tea trading companies were buoyed this week by predictions of a roughly 10% rise in the wholesale price of the UK's national drink

Thursday 1 March 2012 at 15:09

Shares of tea trading companies rallied this week on the back of news that the wholesale price of the UK's national drink is expected to rise by around 10% on the back of high demand and low supply.

Chirinjiv Bedi, chairman at the Indian Tea Association, said in a statement on Monday: "The prices of good premium teas will go up by 20 rupees per kg to between 210 rupees and 220 rupees per kg."