New Report Available: Tea in Uruguay
While modest, growth of 1% in retail volume sales of tea in 2013 was a marked improvement on the large declines recorded in the previous two years. Steep retail price hikes driven by rapid growth in global commodity prices had a very negative impact on tea consumption in 2011 and 2012. Global prices stabilised somewhat in 2013, which allowed for more aggressive discounting by manufacturers and retailers. Together with rising disposable incomes among Uruguayan consumers, this supported a return to...
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