The International Tea Producers Forum formed recently will not act a cartel to control prices as widely perceived by analysts. Tea board of Kenya managing director Sicily Kariuki says the forum will only be used for exchange ideas on development of the sector. Kariuki sought to dispel fears that the forum bringing together six of the world’s top producers was aimed at controlling supply to manipulate market prices. The six, Kenya, India, Indonesia, Malawi, Rwanda and Sri Lanka, account for more than 80 percent of the world's tea output...
↧