Tea Biz
Tea Biz

Episode · 9 months ago

Tea News and Biz Insight - October 15, 2021

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HEAR THE HEADLINES – Food Inflation and Tea | Tea Cargo Woes Worsen | COVID Impact on Tea Market | GUEST – Kyle Whittington, TeaBookClub | FEATURES – This week Tea Biz visits London where Kyle Whittington reviews “Puer Tea, Ancient Caravans and Urban Chic” a meticulously researched cultural biography that reveals the intricacies of Pu’er. … and then to Yunnan, China, where ancient tea forests mark the origin of Pu’er, a tea experiencing a popular resurgence due to the pandemic. Puer Tea, Ancient Caravans and Urban Chic by Jinghong ZhangSitting on the academic end of the tea bookshelf, this is a fascinating and thoroughly well-researched foray into the complex and multi-faceted world of Pu’er tea. An anthropological study that explores the “cultural biography” of Puer tea, the ethnographic and anthropological research that has gone into this is book is exceptional and really opens the intricacies of Pu’er. And yet, despite being such an academic text it is entirely readable and utterly fascinating. The Popularity of Pu'erThe COVID outbreak in China triggered a surge in domestic sales of Pu’er along with teas blended with herbs associated with traditional Chinese medicine. In China, tea is viewed as essential to maintain the body’s natural healthy balance and improve immunity. Pu’er does not prevent infection by the novel coronavirus, but this fermented tea aids digestion concentrates polyphenols, and contains statins that lower cholesterol, which is why it is often prescribed to improve heart health. Pu’er also contains a very diverse makeup of bacteria to support gut health, according to medical research cited in the magazine Well+Good.

The Tea Biz podcast delivers a recap of the week's major tea news headlights, with commentary and cultural trends. Hosted by Dan Bolton, tea Biz is the voice of origin for tea professionals and enthusiasts World Liot. Think of us as a digital caravan of story tellers, bringing authentic, authoritative and exclusive stories to you weekly from the tea lands. Tea is both art and craft. It nourishes and inspires. It is the most ancient of plant base medicines, simultaneously energizing the body as it soothes the mind. Intimately local in character, the two hundred billion dollar tea trade exerts global influence, employing millions to supply consumers at far greater volumes than coffee. Tea is a fascinating and intricate topic, far more complex than when person can master. That is why the tea Biz podcast in lists forty voices skilled in twelve languages to tell the story of tea. Authentic reporting relies on the expertiece of professionals who know the tea lands from birth and speak the native tongue. Transport Merrit see, in our view, embraces storytelling grounded at origin. Hello everyone. This week's headlines food inflation and tea. Tea Cargo woes worsen and covids impact on the tea market. More in a minute, but first this important message. What makes a Perfect Cup of clan 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, bog one, Thalawa, Harana and Elyptia tea estates. Support Save the Children Sri Lanka. As raw material, energy and shipping costs rise across the broad swath of food and beverages, including coffee, where prices are up seventeen percent in grocery package, tea has avoided a spike. The reason is basic supply and demand. In coffee, prices that hovered around a dollar per pound for the past two years double to two dollars and eight cents per pound in July, a high not seen since two thousand and fourteen. Shortages in supply attributed to drought and two killing frosts boosted Arabicad more than two dollars per pound. Brazilian authorities are now projecting the Lowest Arabica Harvest in twelve years. In contrast, an oversupply of tea since two thousand and eighteen is driving prices down. During the past ten years, China has increased its share of global tea production from thirty four to forty five percent, with exports now accounting for nineteen percent of sales, mainly green tea. Can you also boost a production and exports share from twenty four to twenty six percent? Meanwhile, the cost to produce tea has risen to an estimated two dollars and sixty cents per kilo in India. At retail prices remain flat. This week, leading grosser safe way advertise a hundred count looked in yellow label for six dollars and thirty nine cents. Kroger offered the same box of tea for three dollars and forty nine cents. On Sale. In Canada, the average retail price of tea and grocery for a seventy two count box was four dollars and thirty one cents in February two thousand and twenty one, about three dollars and...

...fifty cents in the US dollars. Business insight food inflation is the big unknown. Global Food prices are at a decade high, compounded by supply chain disruptions that have sent a United Nations index of food cost up by a third over the past year. According to Bloom Bird, energy costs are rising and the cost of bringing tea to market is soaring. Inflation was tamed the past decade, advancing at one point, two three percent, doing part to the great recession ten years ago. A hundred count box of tea bags that costs five dollars would cost five dollars and thirty eight cents in today's dollars. An online calculator using US Bureau of Labor Statistics to determine the inflation adjusted price of ingredients that are used to make beverages predicts the price of tea should be thirty five percent higher in two thousand and twenty one than in one thousand nine hundred and ninety seven. It's not. The cost of transporting of forty foot container of tea from India to Europe is now equal to the value of tea it holds. The cargo handbook estimates four hundred sacks on twenty palants will fill a forty foot container. The way to tea varies greatly, but at fifty five to sixty kilos per sack, a shipment away twenty two to twenty fourzero kilos. The price of a container traveling from Calcutta to Rotterdam was six thousand nine hundred and three British pounds. This week, well nine thousand five hundred US dollars. Add the cost of material labored, a load and ground transport to the port and then to destination, and costs can top twenty thousand. Shipping charges from East Asia to North America average twenty thousand five hundred eighty six dollars on...

September ten and average sixteen thousand and four dollars on October eighth. According to Fritos, spot rates are nine to ten thousand per container on routes from Asia to the US East Coast, and a twenty foot container traveling from India to Argentina was recently quoted at six thousand nine hundred dollars. Shipping costs in Sri Lanka have tripled and the Shanghai containeries freight index is of four hundred and sixty four percent to an average four thousand six hundred and fourteen dollar costs for container US ports in Los Angeles and Long Beach are now operating twenty four hours a day, seven days a week to reduce congestion. Yet eighty six ships were idled this week awaiting a berth down from ninety seven and late September. The two ports account for a third of US container imports, moving nine hundred and fifty thousand containers in August. Yet US imports by volume increase by five percent in September compared to twenty twenty. In ports around the world, can tainers are piling up, as China experiences and acute shortage. The Port of Savannah, Georgia, reported four thousand five hundred containers remain on a dock after three weeks, despite fifteen thousand trucks coming and going daily. According to The New York Times in China, in late September there were two hundred and forty two ships awaiting to load. Systemic power outages and Labor concerns reduced port capacity at Mingbul and Yan Chien and t ship from Vietnam was disrupted by Covid lockdowns. This crisis is anticipated to continue through two thousand and twenty two. Business Insight Danish logistics data. Researchers see intelligence reports that almost thirteen percent of the world's...

...cargo ship and capacity is tied up by delays. Schedule reliability in August was at a record low of thirty three point six percent, meaning a two thirds of ship goods are arriving late. According to the company, the initial pandemic driven surge in te sales has passed and the North American market has returned to a period of steady growth. The tea market will grow at a projected three point one percent through two thousand and twenty six, according to a report release this week by research and markets consumer research in the North American Tea Market Two thousand and twenty one report documents the impact at the pandemic and highlights these three trends. First, healthy hydration is propelling market growth at the expense of fruit juice and carbonated drinks. The herbal te segment is expected to experience quote, significant growth and quote over the coming years. As covid nineteen paved the way for products that are good for health, natural and act as an immunity booster, organic certification was identified as a desirable product attribute. Second, the increase in settlement of expatriated populations in the US, and especially in Canada, is driving the North American market, according to researchers. And third, the Organ Olyptic versatility associated with team makes it open to manufacturers to innovate, alongside the healthy trends that have been resonating prominently in a North American market. Reads the report, the US is the third largest tea importer globally, with consumption increasing across infuse beverage categories, camelia sinensis plus botanicals. According to the report,...

...the major growth opportunity tunities hinge on innovation in flavors and convenience, quote and the popularity of high end specialty tea and quote rights research and markets. Her Van Dine and there man as a way. This week this is Dan Bolton with Indian Tea Price Watch. The sales volumes were lower in week forty at the SILIGARY auction, with buyers for going bids due to increase lot size. The quantity of tea purchased by small and minor volume buyers decrease from twenty four hundred and fifteen metric tons and sale thirty nine to one thousand sixteen hundred and two metric tonus, a thirty four percent drop and tea purchased. The quantity of tea purchased by large and medium volume buyers increase from one thousandree hundred and fifty eight metric tons in sale thirty nine to one thousand fourteen hundred and sixty metric tons and sale forty, a seven percent increase in purchases. Small and minor volume buyers paid an average hundred and sixty five rupees for kilo, about two dollars and twenty since per kilo in US dollars. And now a word from our sponsor. Q trade understands that a successful tea blend goes beyond the creative fusion of appearance, a Roma and flavor. Are Multi Award winning product development team is passionate about converting natural ingredients. It's a sensory experience says that customers grave every recipe is formulated with a commercial backbone of dependable quality sourcing, with a pricing structure that supports a safe, regulated, profitable and scalable plant. Q trade meets every brand's retail, food service and ECOMMERCE need. For more information, visit our website, que trade tescom. This way tea bus wizards, London, where Kyle Winnington reviews where tea ancient caravans and Urban Chek,...

...but meticulously research cultural biography that reveals the intricacies of the ware. And then to you, non China, where ancient tea floors mark the origin of where the tea experiencing a popular resurgence due to the pandemic qualities. Improvement with age is said to be its distinguishing feature. From this, several key values were drawn out by traders, connoisseurs, consumers, researchers, mass media and the government. And that's a quote from poority, ancient caravans and urban cheek by Jinghong Jiang. Hello, I'm Kyle Whittington, found off tea book club, sitting on the academic end of the tea bookshelf. This is a fascinating and thoroughly well researched for a into the complex and multifaceted world of poor ty and anthropological study which explores the cultural biography of poor tea. The ethnographic and anthropological research that has gone into this book as exceptional and really opens up the intricacies of poor and yet, despite being such an academic text, it is entirely readable and utterly fascinating. The first third sets up the rest of the book, introducing and outlining the research, including terms and definitions used throughout. With such a complex subject matter, this is invaluable and helps to deal with complexities around such things as fermentation and geographic locations. In this we get to grips with poor, the tea, the people involved and begin to grapple with issues surrounding authenticity. Indeed, the issues surrounding authenticity are central to the book as a whole and open up numerous questions and considerations we should probably all be aware of when it comes to exploring and particularly toy purchasing poorty. Building on this grounding, the book jumps up and becomes massively absorbing in the latter two...

...thirds. Exploring the changing historical and current cultural context of poor, the importance of location and differences and difficulties surrounding production and, of course, aging as both revealing and fascinating. Accessing multiple areas and sources within the realm of poor, we get real insight and understanding without the veneer of the sale, this pitch that pervades much of the public poor world. As a native of Kunming and with the Rigor and perspective of an academic Jinghongjiang really gets at the heart of the matter and presents us clear and thorough insights. The famed boom and bust of the poor market has revealed in startling detail how and why it happened and, importantly, how its affect with felt and dealt with in different circles. The impact and conversations that arose as part of and as a result of this around authenticity and what is valued in a poor are explored, from producers to connoisseurs and consumers. The importance and meaning of place and how this is very mean defined in poor circles and indeed how place affects tastes and experiences revealed and explored. I could go on. There's so much content in this book, but suffers to say a thoroughly excellent read. Whether Fishonado with an inkling of an interest in poor this book is an excellent and essential development of that interest. We thoroughly recommend it. Tea Book Club is an International Group of tea lovers and readers who meet up virtually each month to discuss the books we read. My book reviews are combination of my own thoughts and those of Tea Book Club members. I'd like to share a few thoughts from tea book club members. I've recommended this book to a couple of people since I started reading it because I think it is possibly the best read on Tea I've had this year. I really enjoyed the view from inside from someone who got to get close, especially the film's a very complementary insight into the market crash the house and the wise was really helpful. Strong research. The covid outbreak in China...

...triggered a surge in domestic sales of ware, along with teas blended with herbs associated with traditional Chinese medicine. In China, teas, viewed, is essential to maintain the body's natural health balance and improve immunity. Where does not prevent infection by the novel coronavirus, but this fermented tea age digestion concentrates polyphenals and contain statements that lower cholesterol, which is why it is often prescribed to improve heart health. Who are also contains a very diverse makeup of bacteria to support gut health. According to Medical Research sited in the magazine well plus good, China primarily grows green tea accounting for sixty four percent of total production, but dark tea, a category that includes ware, colts for thirteen point five percent of total production, far more more than black tea at eleven percent, woolong at ten or white tea at one point three percent. Current export figures are not available, but you known province where to where originated annually exports thirty million dollars worth of tea, the costliest of which is beware. It's popularity locally limits squared only a small slice of the sixty billion dollar global tea market, with most of the seven thousand metric tones produced annually consumed in China. Primary export destinations include Hong Kong, Taiwan and Japan. The pandemic has boosted sales in Europe, where age beware sells for as much as two thousand euros per kilo, about twenty three hundred U S dollars. My voice survey in February...

...two thousand and twenty found that Japanese consumers ranked we're among their top choices for tea. Respondence predictably favored green tea sixty six percent as their top choice, with thirty one percent indicating a preference for Black Tea, but nineteen point five percent indicated a preference for where and Chinese style Wolong. Chinese teas ranked well ahead of herbal teas, fruit juice and sports drinks. China's exports overall grow fifteen percent during the pandemic, and while the US is China's primary trading partner, that is not the case in price sensitive black tea categories. We're imports declined fifty nine percent, from forty four million in two thousand and seventeen to eighteen million in two thousand and twenty. Green tea imports decline twenty six point five percent during that same period. Imports of Chinese tea by value through August total seventy six million this year, only two percent ahead of two thousand and twenty. Allied market research predicts t sales, globally, dominated by the Chinese, will reach nearly seventy billion by two thousand and twenty seven, growing at a combine annual rate of six point six percent. Intrigued by what you heard in today's podcast, would you like to learn more from our global network of Tebiz journalists and t experts? Remember to visit the Te Biz website for more comprehensive coverage. That's W A WWTE BIZ BI Z doltcom thanks for listening. Farewell till next week.

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