Tagged: currency

Kenya's Tea Farmers Took Home Less in a Year the Shilling Got Stronger

A tea garden is paid in its own currency for a crop sold against the US dollar, so the exchange rate can move a season's income more than the harvest does. Kenya and India lived through opposite versions of that mechanism in the same year.

The Price of Tea

The canonical reference on what sets a tea's price. What fixes it at the point of sale, why the real-terms trend has run downhill for a century, where the money goes once the leaf clears the gate, what moves it between sales, and what a certification label actually adds.