Ceylon tea in the world can rise in price by 14% - analyst

Prices of black Ceylon tea this year may grow by 14% amid supply disruptions in a number of leading producers of tea, said Director General of the Sri Lanka Tea Board of HJ Hemaratni, Interfax reported with reference to Bloomberg agency words in the current year, prices could rise on average to 4 dollars per kg against 3.5 dollars per kg last year against the backdrop of drought in Kenya, the world's largest exporter of black tea, and consumption growth in India, the second largest producer of tea after China. The production of tea in Sri Lanka's fourth largest producer and third largest exporter, will remain approximately at a record level last year, because "culture is the increased production and favorable to the weather in some regions offset losses from floods that hit several other parts of the production earlier this year. For the first three months of this year in Sri Lanka has been collected about 76.2 million kg against 74 million kg over the same period last year. Total in 2010 on the island were collected 329 million kg of tea.