Tea Biz
Tea Biz

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Tea News and Biz Insights - January 7, 2022

ABOUT THIS EPISODE

HEAR THE HEADLINES – India Conducts its First Bharat Tea Auction | DNA Disqualifies Five in Lugu Farmers’ Tea Contest | RTD Tea by Volume Continues a Five-Year Slide, a TEAIN22 Forecast | NEWSMAKER – Dr. Nada Milosavljevic, a Harvard-trained physician and faculty member at Harvard Medical School and founder of the integrative health program at Massachusetts General Hospital.| FEATURES: This week, Tea Biz travels to Harvard University in Boston, Massachusetts, where Jessica Natale Woollard discusses the medicinal power of tea with Dr. Nada Milosavljevic. Nada will deliver the keynote address on food as medicine at the 7th Global Tea Initiative Colloquium on Jan. 13, an all-day online event hosted by the University of California, Davis. The Medicinal Power of Tea –"My journey began in 2007 working with patients—they ranged from teens to young adults to adults—I realized that many of the medications that we use, which are beneficial, can save lives, but some of them have specific side effects. And I found out that there were several natural compounds, tea being one, that can play a role as a preventive or something that can be used as adjunctive therapy and serve a healthful purpose. That’s where a lot of my research began, looking into not just tea, but other herbs as well, and the synergistic and additive effect they can have for optimal health, and certainly from a preventive standpoint, if someone wants to start using something even earlier, to put themselves on a healthy trajectory." – Dr. Nada Milosavljevic

The tee Biz podcast delivers a recapof the week's major tea news headlines, with commentary and cultural trends. Hostedby Dan Bolton, Te Biz is the voice of origin for key professionals andenthusiasts world wide. Think of us as a digital caravan of story tellers bringingauthentic, authoritative, in exclusive stories view weekly from the tea lands. Thetea industry merits more newance coverage than a mere recitation of production volumes and commodityprices. Each week, te Biz reports news and features with the greatest impacton the tea industry. Pairing the tea Biz podcast with the more inclusive teaBiz blog and tea journey magazine delivers information and against sight lo every one.January is haunt tea mount and the tea in Herbal Association of Canada invites youto explain why you drink tea to win a year's supply. Here this week'sheadlines. Our T D T by volume continues a five year slide. TeaIn twenty two forecast. India conducts its first bar or ought tea auction andDNA disqualifies five in the Lugoo farmers and anual tea contest. More in aminute, but first this important message. What makes a Perfect Cup of Celontea? The Perfect Cup is from the tea businesses that ensure the protection ofall the children living within their tea estates. We Salute Kailani Valley, tell aWacky Lee, Bogo, one, Thalawa, Harana and Elyptia tea estatessupport Save the children. Sri Lanka,...

RTDT by volume continues a five yearsSlod. This is the third of a dozen tea in twenty two fourcasts forthe New Year. In two thousand and sixteen, a decade of steadily increasingUS sales of ready to drink tea crusted a one billion cases. The subsequentfive year descent accelerated as convenience and food service closures continued. In Two thousandand twenty one according to Beverage Digest volume and one thousand and twenty decline tonine hundred and forty, eight million hundred ninety two ounce cases from it's twothousand and sixteen high. Ur TDT sales by value through eight point two percentin multi channel outlets, according to spins market research. Ami M teas andrefrigerated tea sold in large quantities for home consumption account for gains. As salesof commodity teas, including Lipton Pure Leaf, fell twenty one percent by value,with the unit sales down twenty four percent. During the pandemic, liptin a sense recovered, generating nine hundred and ten million in the fifty twoweeks ending mid year, according to Chicago based market research for IRI. Asthe panic recedes, it is unclear there will be an upward surge in volume, with market leaders like honest tea still recovering after declines of twenty point fourpercent. Much like carbonated soft beverages, the tea segments modest unit growth ofthree percent was offset by increased prices, but selling fewer units is always abig concern. The decline and volume cannot...

...be attributed to the format. Salesof ready to drink hard tea and Seltzer's cocktails and cans and bottles record highs. Can coffees doing great our TD sword sixty two point three percent by volumein two thousand and twenty, led by hard cell sers, which sky rocketedby a hundred and thirty percent. According to the spirits business, hard seltzer'srepresent fifty seven percent of the total alcoholic RTD category in the US, followedby flavored alcoholic beverages, which have a twenty six percent share, ourtd cocktailsand long drinks, which have a seven percent share, according to iwasr drinksmarket analysis. Challengers like caffeinated your be Monte, Coca Cola introduced honest Yourbamontein May, non caffeinated herbals, including hybiscus, Roy bows and botanicals allfor tea. Innovations that are more evident in our td than in package teas. Old Brew Tea, Sparkling Tea, natro infuse tea and ready to drinkfunctional and adaptogenic teas all point to a bright future. Forecast expect continued declinesand volumes so long as the majority of our TDT's contain too many ingredients,are too sweet and are too often reconstituted from powder and concentrates instead of freshbrewd old brewed tea has great potential. Sparkling tea, UNs sweetened and juicesweetened teas and tea's blended with botanical extracts will make significant in roads. Wellnessblends, adaptogenic functional teas with clean labels...

...now define premium nydrogen infuse tease thatpoor, like craft beer, are on trend. Quality t concentrates and refrigeratedice. Tea sold by the Gallon for home meals will also expand beyond basicblack tea. He say on number one at Coachee in south India open theyear with a new model called the Barrot Tea Auction, which is based ona format widely used in Japan. The auction was well attended by major blenders, indicating strong demand that led to the sale of fifty six percent of teaon offer. Prices were up by an average five rupees per kilo to ahundred and thirty four rupees compared to the previous week. New Auction rules changethe bidding logic and the reserve price, make the entire bid history visible andintroduce price rediscovery. Participate in the auction, bidders must indicate their interest in alot before it becomes active. Reserved prices are dynamic can can be alteredup to fifteen minutes before the auction begins. Response during pilot auctions in two thousandand twenty one was less than enthusiastic, but the teaboard of India ignored criticsand rolled out the new model. The reaction Tuesday was mixed, withbuyers expressing concern sellers praising the switch. Media reports indicate that the tea boardexpects the new model to solve backlogs, resulting in better prices. teaboard southdirector m biology so the business line quote...

...we foresee price and demand stabilization inthe months to come, and quote. Elite competitions in Taiwan group tea byCULTIVAR and restrict competitors to geographically unique locales. In December, five competitors and theprestigious Lugu Farmers Association annual event were disqualified following DNA sequencing that revealed thet's were impostors. This according to the Chinese language publication Liberty Times. Sequencingshowed two entries supposedly from them to county and three other teas that were foundto have been cultivated overseas. Samples were destroyed and the perpetrators warned that theyrisk permanent disqualification and possible prosecution for fraud if they try it again. TheLago competition is the oldest in Taiwan. Winners of the top prize sell formore than tenzero dollars. For Six hundred grams, a unit of measure knownas the Taiwan caddy Dong Ding, translated as top of the hill tea competitiongrade mosted oolong by Taiwan, sourcing cells for a hundred eight dollars us fora hundred and fifty grams, a bargain given the teas that are in thedesignation premium. So for fifteen dollars, program fifteenzero kilo. Competition, whichbegan in one thousand nine hundred and seventy six with three hundred entries, attractedfive thousand twenty five competitors in two thousand and twenty one. Many participants areless well known than the collegial group that initiated the competition, leading organizers tosuspect some edities might not meet strict qualifications.

Qult of our geography and traditional processingbusiness inside legendary tasters. When do woo supervise the first Lugu Dong Dingcompetition, and that year he was asked to break a tie when judges insistedthat only one tea should prevail. Hasting Blond, he determined the two finalistsdeserved equal acclaim and awarded a first prize to each. Later it was discoveredthat the tea's were identical had been submitted by two brothers under different names.To determine whether the competition was legitimate. The Foundation for judging excellence remains rocksolid to this day. When tea for a year in celebration of hot teamonth, the tea in Ourbl Association of Canada will give three winners enough teato last the year. To enter, post a photo in description on socialmedia with the Hashtag me and my tea two thousand and twenty two, explainingwhy you drink tea. The competition opened. Anyone in Canada and his January thirtyone, two thousand and twenty two. visit the Teabi is blog or thetea in Herbal Association of Canada website for details. Our VINDA and andthere men in Bengaluru reports on this week's tea auction prices Indet you price supportfor the week ending December thirty one twenty twenty one, while later for Decembertwenty twenty one is not yet available to show a consolidated production for twenty twentyone, reports indicate a projected decrease of forty million kilos is compared with twentynineteen. Prices for twenty twenty one have...

...also been lowered, and twenty twentybut higher than twenty nineteen, which is used as the real comparison here.The drop in production has impacted prices positively. Twenty twenty one or two major problems, a decline in exports and an increase in cheap imports. Tea Boarddata indicates that exports for the period January to September dropped by nearly ten percent. However, the unit price of exports increased by nearly fifteen percent to repeasetwo hundred and seventy two eighty six, by say a kilo. During thesame period, in port of t decrees by thirty four percent compared with twentytwenty and by fifty percent compared twenty nineteen. It's hope that in twenty twenty two, quality and therefore prices, will come into focus and exports will resumeeven as domestic consumption increases. South India Open Sale One of twenty twenty twowith a new auction model, now named the Barretts auction. Twenty twenty oneended with sales fifty one and fifty two, seeing good demand in auctions in northIndia. In the south coach in Kunurs are good demand for CTC leaf. In sale fifty one CTC dust sold well across the south. There wasno sale fifty two in south India. And now work from our sponsor,huge trade, understands that is successful. He blend goes beyond the creative fusionof appearance, Aroma and flavor. Our Multi Award winning product development team ispassionate about converting natural ingredients its sensory experiences that customers crave. Every recipe isformulated with a commercial backbone of dependable quality sourcing, with a pricing structure thatsupports a safe, regulated, profitable and scalable blend. Q trade meets everybrand's retail, food service and ECOMMERCE need. For more information visit our website,que trade, Tascom. This Week Tebe is travels to Harvard University inBoston, Massachusetts to discuss the additional powers...

...of tea with Dr Not A.Biliosovik Naa will deliver the keynote address on food is medicine at the seventh globaltea initiative colloquium on January thirteen, an all day online event hosted by theUniversity of California Davis. The Global Tea Initiative Keynote Speaker is Dr Nada Milosavievitch, a Harvard trained physician and Faculty member at Harvard Medical School. Dr Nadawas also the founder of the Integrative Health Program at Massachusetts General Hospital and workedfor a decade as its director. Her Passion for holistic, innovative wellness andpreventative healthcare led Dr Nada to found sage tonic, which produces teas and teasand's formulated from evidence based clinical studies. Dr Nada joins US on Tea Biztoday to give us a preview of what we can expect in her global teainitiative keynote. Address. Your keynote at the global tea initiative colloquium on Januarythirteen will address trends of seeing food, including tea, as medicine. Canyou give our listeners a preview of what you'll be covering in your talk?My topic is the popularization of food as medicine, but also looking at thatthrough the Lens of tea, and everyone at one point has heard of theconcept of food as medicine has become quite popular. But really to give someof the historical underpinnings that that idea has been around for millennia in many differentways, many different cultures, but now with modern medicine we're really seeing someof the ways that food, and tea is no exception, that it canhave certain health applications. So to really...

...highlight that further definance so people canreally appreciate where that field is going, because it's growing and it's growing rapidly. Dr Nada, the tea's you sell through sage tonic are categorized by theirbenefits, for example helping with relaxation, sleep, energy and focus. Atwhat point in your medical profession did you discover the benefits of tea and beginto research the role te plays in preventative healthcare? That journey for me beganalmost fourteen years ago. It was about two thousand and seven, and inworking with patients and they were they ranged in age from teens to young adultsto adults, and I realized that many of the medications that we use,which are beneficial, they can save lives, but some of them have certain sideeffects and I found that that there were a number of natural compounds thatcan play a role, t being one, as a preventive or as something thatcan be used as an adjunctive therapy and serve a healthful purpose, andthat's really where a lot of my research began, looking into not just teabut other herbs as well, and the synergistic or additive effect they can havefor optimal health and certainly from a preventive standpoint, if someone really wants tostart using something even earlier to put themselves on a healthy trajectory. And inthat research you've conde acted into the benefits of tea herbs and spices. Didany results surprise you? Yes, they did. In fact, there werea number of herbs and certainly a number of compounds in tea that were notelucidated to me previously as to what their health benefits were and to see thatthey could play a role in human health,...

...they could play a role in preventivehealth, they could play a role for humans at many different chronologic pointsthroughout our lives. So beneficial in a host of different ways and particular totea. What was exciting to me is certainly even back then, so thiswas over fourteen years ago, some of the health benefits, but to seehow that has grown, because there are literally hundreds of compounds in teas andeven some of even compounds that at this point have yet to be fully researchedand categorized. So I think there's a lot of other exciting things to comeas well. Could you give us an example of one of the herbs andspices that you discovered or you, through your research, learned some of thebenefits of? In addition to tea, another herb herb class actually called adaptogen's, and that's going to be one of the things that I'll be talking aboutat the conference next week, and it's an herb class that can really playa role in anxiety and stress reduction, having a constitutional normalizing effect on thebody even be helpful, be helpful with focus, with sleep, many ofthe things that a lot of us have faced in many different ways, givenwhat we've all been dealing with the last step almost two years now, withthe pandemic. So certainly that herb class was something I was not as familiarwith back then and they do have a wonderful application for health. You canhear more from Dr Nada on the power of tea as medicine in her keynoteaddress at the global tea initiative colloquium online on January thirteen. To learn moreand find out how to register, visit the t Biz website, t bizcomand Click on the article about Dr Nada.

Intrigued by what you heard in today'spodcast, would you like to learn more from our global network of TBis journalists and t experts? Remember to visit the TV is website from morecomprehensive coverage. That's wwwt Biz Biz. LCOL thanks for listening. Farewell,till next week.

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