What is the price of tea in China?

Hancock organized a boycott of tea from China sold by the British East India Company, whose sales in the colonies then fell from 320,000 pounds (145,000 kg) to 520 pounds (240 kg). By 1773, the company had large debts, huge stocks of tea in its warehouses and no prospect of selling it because smugglers such as Hancock were importing tea without paying import taxes. The British government passed the Tea Act, which allowed the East India Company to sell tea to the colonies directly, thereby allowing them to sell for lower prices than those offered by the colonial merchants and smugglers.