Kenyan export levy may raise tea prices
KARACHI: Tea prices in Pakistan may rise if the Kenyan government proceeds with a 0.8 per cent levy on tea exports announced in May, traders warned, adding that importers may be compelled to explore alternative markets. A meeting was held at the Kenya High Commission in the last week of May, attended by members of the Pakistan Tea Association (PTA), officials of the Tea Board of Kenya and representatives of Kenya’s Ministry of Investment, Trade and Industry. Participants urge
Pakistani tea traders are concerned that a new 0.8% export levy by Kenya could lead to increased tea prices domestically. Pakistan is a major importer of Kenyan tea, accounting for a significant portion of its annual production. The Pakistan Tea Association (PTA) has appealed to Kenyan authorities to reconsider the tax, highlighting Pakistan's current economic difficulties.
The proposed levy could exacerbate Pakistan's economic challenges by increasing the cost of a staple commodity, potentially impacting consumers and the broader supply chain.
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