Global tea and coffee prices rise by up to 50 per cent

The cost of a cuppa is set to surge, with coffee and tea prices spiralling on global markets.

Wholesale coffee prices are up by more than 20 per cent since January after crops were hit by extreme weather in key producing countries, including Vietnam and .

Tea costs have jumped by 34 per cent in the past month alone due to rising industry costs and the Red Sea crisis affecting container ship movements.

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