Türkiye raises tea prices 43 percent after presidential election

Türkiye raises tea prices 43 percent after presidential election
Date: 9.6.2023 17:00

Announcing the purchase price of 2023 product as 11.30 TL per kilogram, including the support premium, with an increase of 64 percent, will be reflected to the citizens as "hiked tea".

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According to the news of Irfan Donat from Bloomberg HT; While "Çaykur" increased tea by an average of 43 percent, new price lists were sent to wholesale companies.
 
The two most consumed tea brands of "Çaykur" were "Tiryaki" and "Rize Turist".
 
In the old list published in January 2023, the recommended retail price of 1 kilogram of "Rize Turist" tea was 97.81 TL.
 
The price of the same tea was determined as 141.54 TL in the new list with a price increase sent to the companies.
 
Thus, a 44.7 percent increase was made in "Rize Turist" tea.
 
While the recommended retail price of 1 kilogram of "Tiryaki" tea in the old list was 95.95 TL, the price of the same tea in the new list with an increase increased to 138.38 TL with a 44.2 percent increase.
 
The average price hikes for tea in all categories of "Çaykur" corresponds to 43 percent. According to the inflation data of TUIK for May, the group of tea and other infused beverages increased by 1.48 percent on a monthly basis. On an annual basis, it experienced an increase of 47.25%.

YEREL HABERLER

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