Tea Biz
Tea Biz

Episode · 4 months ago

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 recap of the week's major tea news headlines, with commentary and cultural trends. Hosted by Dan Bolton, Te Biz is the voice of origin for key professionals and enthusiasts world wide. Think of us as a digital caravan of story tellers bringing authentic, authoritative, in exclusive stories view weekly from the tea lands. The tea industry merits more newance coverage than a mere recitation of production volumes and commodity prices. Each week, te Biz reports news and features with the greatest impact on the tea industry. Pairing the tea Biz podcast with the more inclusive tea Biz 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 you to explain why you drink tea to win a year's supply. Here this week's headlines. Our T D T by volume continues a five year slide. Tea In twenty two forecast. India conducts its first bar or ought tea auction and DNA disqualifies five in the Lugoo farmers and anual tea contest. More in a minute, but first this important message. What makes a Perfect Cup of Celon tea? The Perfect Cup is from the tea businesses that ensure the protection of all the children living within their tea estates. We Salute Kailani Valley, tell a Wacky Lee, Bogo, one, Thalawa, Harana and Elyptia tea estates support Save the children. Sri Lanka,...

RTDT by volume continues a five years Slod. This is the third of a dozen tea in twenty two fourcasts for the New Year. In two thousand and sixteen, a decade of steadily increasing US sales of ready to drink tea crusted a one billion cases. The subsequent five year descent accelerated as convenience and food service closures continued. In Two thousand and twenty one according to Beverage Digest volume and one thousand and twenty decline to nine hundred and forty, eight million hundred ninety two ounce cases from it's two thousand and sixteen high. Ur TDT sales by value through eight point two percent in multi channel outlets, according to spins market research. Ami M teas and refrigerated tea sold in large quantities for home consumption account for gains. As sales of commodity teas, including Lipton Pure Leaf, fell twenty one percent by value, with the unit sales down twenty four percent. During the pandemic, lipt in a sense recovered, generating nine hundred and ten million in the fifty two weeks ending mid year, according to Chicago based market research for IRI. As the 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 four percent. Much like carbonated soft beverages, the tea segments modest unit growth of three percent was offset by increased prices, but selling fewer units is always a big concern. The decline and volume cannot...

...be attributed to the format. Sales of 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 volume in two thousand and twenty, led by hard cell sers, which sky rocketed by a hundred and thirty percent. According to the spirits business, hard seltzer's represent fifty seven percent of the total alcoholic RTD category in the US, followed by flavored alcoholic beverages, which have a twenty six percent share, ourtd cocktails and long drinks, which have a seven percent share, according to iwasr drinks market analysis. Challengers like caffeinated your be Monte, Coca Cola introduced honest Yourbamonte in May, non caffeinated herbals, including hybiscus, Roy bows and botanicals all for tea. Innovations that are more evident in our td than in package teas. Old Brew Tea, Sparkling Tea, natro infuse tea and ready to drink functional and adaptogenic teas all point to a bright future. Forecast expect continued declines and 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 fresh brewd old brewed tea has great potential. Sparkling tea, UNs sweetened and juice sweetened teas and tea's blended with botanical extracts will make significant in roads. Wellness blends, adaptogenic functional teas with clean labels...

...now define premium nydrogen infuse tease that poor, like craft beer, are on trend. Quality t concentrates and refrigerated ice. Tea sold by the Gallon for home meals will also expand beyond basic black tea. He say on number one at Coachee in south India open the year with a new model called the Barrot Tea Auction, which is based on a 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 tea on offer. Prices were up by an average five rupees per kilo to a hundred and thirty four rupees compared to the previous week. New Auction rules change the bidding logic and the reserve price, make the entire bid history visible and introduce price rediscovery. Participate in the auction, bidders must indicate their interest in a lot before it becomes active. Reserved prices are dynamic can can be altered up to fifteen minutes before the auction begins. Response during pilot auctions in two thousand and twenty one was less than enthusiastic, but the teaboard of India ignored critics and rolled out the new model. The reaction Tuesday was mixed, with buyers expressing concern sellers praising the switch. Media reports indicate that the tea board expects the new model to solve backlogs, resulting in better prices. teaboard south director m biology so the business line quote...

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

Qult of our geography and traditional processing business inside legendary tasters. When do woo supervise the first Lugu Dong Ding competition, and that year he was asked to break a tie when judges insisted that only one tea should prevail. Hasting Blond, he determined the two finalists deserved equal acclaim and awarded a first prize to each. Later it was discovered that 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 rock solid to this day. When tea for a year in celebration of hot tea month, the tea in Ourbl Association of Canada will give three winners enough tea to last the year. To enter, post a photo in description on social media with the Hashtag me and my tea two thousand and twenty two, explaining why you drink tea. The competition opened. Anyone in Canada and his January thirty one, two thousand and twenty two. visit the Teabi is blog or the tea in Herbal Association of Canada website for details. Our VINDA and and there men in Bengaluru reports on this week's tea auction prices Indet you price support for the week ending December thirty one twenty twenty one, while later for December twenty twenty one is not yet available to show a consolidated production for twenty twenty one, reports indicate a projected decrease of forty million kilos is compared with twenty nineteen. Prices for twenty twenty one have...

...also been lowered, and twenty twenty but 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 Board data 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 repease two hundred and seventy two eighty six, by say a kilo. During the same period, in port of t decrees by thirty four percent compared with twenty twenty 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 resume even as domestic consumption increases. South India Open Sale One of twenty twenty two with a new auction model, now named the Barretts auction. Twenty twenty one ended with sales fifty one and fifty two, seeing good demand in auctions in north India. In the south coach in Kunurs are good demand for CTC leaf. In sale fifty one CTC dust sold well across the south. There was no sale fifty two in south India. And now work from our sponsor, huge trade, understands that is successful. He blend goes beyond the creative fusion of appearance, Aroma and flavor. Our Multi Award winning product development team is passionate about converting natural ingredients its sensory experiences that customers crave. Every recipe is formulated with a commercial backbone of dependable quality sourcing, with a pricing structure that supports a safe, regulated, profitable and scalable blend. Q trade meets every brand's retail, food service and ECOMMERCE need. For more information visit our website, que trade, Tascom. This Week Tebe is travels to Harvard University in Boston, 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 global tea initiative colloquium on January thirteen, an all day online event hosted by the University 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 Nada was also the founder of the Integrative Health Program at Massachusetts General Hospital and worked for a decade as its director. Her Passion for holistic, innovative wellness and preventative healthcare led Dr Nada to found sage tonic, which produces teas and teas and's formulated from evidence based clinical studies. Dr Nada joins US on Tea Biz today to give us a preview of what we can expect in her global tea initiative keynote. Address. Your keynote at the global tea initiative colloquium on January thirteen will address trends of seeing food, including tea, as medicine. Can you 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 that through the Lens of tea, and everyone at one point has heard of the concept of food as medicine has become quite popular. But really to give some of the historical underpinnings that that idea has been around for millennia in many different ways, many different cultures, but now with modern medicine we're really seeing some of the ways that food, and tea is no exception, that it can have certain health applications. So to really...

...highlight that further definance so people can really 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 their benefits, for example helping with relaxation, sleep, energy and focus. At what point in your medical profession did you discover the benefits of tea and begin to research the role te plays in preventative healthcare? That journey for me began almost fourteen years ago. It was about two thousand and seven, and in working with patients and they were they ranged in age from teens to young adults to 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 side effects and I found that that there were a number of natural compounds that can play a role, t being one, as a preventive or as something that can be used as an adjunctive therapy and serve a healthful purpose, and that's really where a lot of my research began, looking into not just tea but other herbs as well, and the synergistic or additive effect they can have for optimal health and certainly from a preventive standpoint, if someone really wants to start using something even earlier to put themselves on a healthy trajectory. And in that research you've conde acted into the benefits of tea herbs and spices. Did any results surprise you? Yes, they did. In fact, there were a number of herbs and certainly a number of compounds in tea that were not elucidated to me previously as to what their health benefits were and to see that they could play a role in human health,...

...they could play a role in preventive health, they could play a role for humans at many different chronologic points throughout our lives. So beneficial in a host of different ways and particular to tea. What was exciting to me is certainly even back then, so this was over fourteen years ago, some of the health benefits, but to see how that has grown, because there are literally hundreds of compounds in teas and even some of even compounds that at this point have yet to be fully researched and categorized. So I think there's a lot of other exciting things to come as well. Could you give us an example of one of the herbs and spices that you discovered or you, through your research, learned some of the benefits 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 about at the conference next week, and it's an herb class that can really play a role in anxiety and stress reduction, having a constitutional normalizing effect on the body even be helpful, be helpful with focus, with sleep, many of the things that a lot of us have faced in many different ways, given what we've all been dealing with the last step almost two years now, with the pandemic. So certainly that herb class was something I was not as familiar with back then and they do have a wonderful application for health. You can hear more from Dr Nada on the power of tea as medicine in her keynote address at the global tea initiative colloquium online on January thirteen. To learn more and find out how to register, visit the t Biz website, t bizcom and Click on the article about Dr Nada.

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

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