Tea: latest news, insights and analysis | ESM Magazine

India's Tea Prices Soar As Extreme Weather Slashes Output

India's tea prices have been soaring and are expected to stay high as heatwaves and floods during the peak harvesting season slash output in key producing...

Sri Lanka's Tea Producers Warn 70% Wage Hike Will Hit Industry

Sri Lanka's tea producers condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce dollar ea...

JDE Peet’s Names Luc Vandevelde As Interim Chief Executive

Coffee giant JDE Peet’s has announced the appointment of Luc Vandevelde as its interim chief executive officer, effective 1 April 2024.

Coffee Group JDE Peet's Posts Surprise Growth In 2023 Operating Profit

JDE Peet's, one of the world's largest coffee companies, has reported an organic rise in 2023 operating profit, while analysts had forecast a decline,...

Bubble Tea Market Set To Grow By 8.3% Over Coming Decade

The global market for bubble tea – also known as boba tea or pearl milk tea – is expected to grow at a CAGR of 8.3% between now and 2...

Britain's Tea Supply Facing Disruption From Red Sea Crisis

Britons may have to brave a shortage of some lines of tea, one of the nation's favourite drinks, after the supermarket industry warned of a risk to supply...

JDE Peet's Announces Completion Of Maratá Business

JDE Peet's has announced the completion of its acquisition of the Maratá tea and coffee business from JAV Group, for an undisclosed amount.

JDE Peet's To Stop Selling Western Coffee, Tea Brands In Russia By Year-End

JDE Peet's will from the end of the year sell coffee and tea in Russia only under local brands, it said, as it lowered its annual earnings target, saying t...