Dear Friends:

The European market, it appears to me, is flooded with a great variety of green 
and other specialised brands of teas and that market is dominated by China. 


The following news is from the Sentinel, Assam, this morning (24 03 2012). The 
other day I posted a similar  news to Assamnet.


-bhuban




 


China tea costs more than gold!

 



BEIJING, March 23: A type of tea called Longjing or Dragon Well in China hit a 
record presale price of 3,60,000 yuan ($57,024) per kilogram this year, higher 
than the price of gold, which is currently about $53,000 per kg.
The Longjing tea is one of China’s best green teas. It has been a favourite 
among wealthy buyers.
The tea is harvested prior to Qingming festival, usually in the first week of 
April, in Hangzhou in Zhejiang province, the Shanghai Daily reported on Friday.
It is produced from the first spring shoots. Skilled workers pick every leaf by 
hand.
Zhu Baichang, a dealer who sold the tea at the record price in the presale, 
said this year it will cost 80,000 yuan per kg on the market, up 10,000 yuan 
from last year.
“The 3,60,000 yuan per kg for the pre-Qingming tea was just a single case for 
presale promotion and we will donate the money to a local art group for deaf 
people,” Zhu said.
People who bought the tea at the presale rate were mostly government officials, 
he said, adding that the market price was still very high for common people to 
afford.
Another variety called Moutai, served at official banquets, used to sell for 
about 600 yuan four years ago, now it costs around 2,000 yuan.
The Qingming Festival or tomb-sweeping day, is a traditional Chinese festival 
where people go to family graves to sweep the tombs and honour their ancestors. 
(IANS)








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