Last year I had made some comments that when will the price of the puer bust. It seems that my question was answered when recently I went to the Malaysia Tea Expo in Times Square last week. I had also found two suprises in the expo. First suprise.. Most of the prices for the FY 08 sheng tea had significantly dropped from 40% to 70%. Commanding brands like Menghai and Xia Guan was not spared as well. Managed to buy some Yr08 Menghai 8582 Sheng Cake costed on at about USD 6.00 per pc.(last year with same type of tea would have easily costed me USD 10.00.) There is also a counter that even sells Qiao Mu tea cakes for a USD 3.50 per pc. which personally I believe the quality are better than the ones produced last year with on par price or a fold more expensive. Overall, i would say the price of the puer tea are back to normal and the price of the tea is back to price range of yr 03 /04.
This time around in the EXpo I could see a more subdue atmosphere compare to the previous expo in The MInes and most of tea the price are more "realistic" and the quality of yr 08 tea is significantly better than the ones in yr 06 and specially 07.
However, Aged Sheng tea was not much affected by the price drop. (the price of a 1996 sheng Xia Guan Toh Cha cost about USD$60.00 per pc) and infact I could see some price increase of some aged sheng cake like the 80s Kwang Tong Koong Peng is now selling at USD$500.00.Most of the 90s sheng tea are selling at price range of USD $70.00 to $100.00.
I would say if anyone of you are keen to buy some tea for own consumption or collection, I think this is right time purchase some tea.
Second suprise The shu puer had finally comes to age. It is more expensive than the sheng ones . This is very normal as the shu puer needs more manpower to process the tea compare to the sheng ones . However, last year shu puer price was all time low, but this iyear shu puer rebounded twice the price as lper ast year. Luckily I had only bought shu puer last year without any regret now .
Kindly comment if the same scenario is the same outside Malaysia. Thanks.
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jackpong2's journal
I had also found two suprises in the expo.
First suprise..
Most of the prices for the FY 08 sheng tea had significantly dropped from 40% to 70%. Commanding brands like Menghai and Xia Guan was not spared as well.
Managed to buy some Yr08 Menghai 8582 Sheng Cake costed on at about USD 6.00 per pc.(last year with same type of tea would have easily costed me USD 10.00.) There is also a counter that even sells Qiao Mu tea cakes for a USD 3.50 per pc. which personally I believe the quality are better than the ones produced last year with on par price or a fold more expensive. Overall, i would say the price of the puer tea are back to normal and the price of the tea is back to price range of yr 03 /04.
This time around in the EXpo I could see a more subdue atmosphere compare to the previous expo in The MInes and most of tea the price are more "realistic" and the quality of yr 08 tea is significantly better than the ones in yr 06 and specially 07.
However, Aged Sheng tea was not much affected by the price drop. (the price of a 1996 sheng Xia Guan Toh Cha cost about USD$60.00 per pc) and infact I could see some price increase of some aged sheng cake like the 80s Kwang Tong Koong Peng is now selling at USD$500.00.Most of the 90s sheng tea are selling at price range of USD $70.00 to $100.00.
I would say if anyone of you are keen to buy some tea for own consumption or collection, I think this is right time purchase some tea.
Second suprise
The shu puer had finally comes to age. It is more expensive than the sheng ones .
This is very normal as the shu puer needs more manpower to process the tea compare to the sheng ones .
However, last year shu puer price was all time low, but this iyear shu puer rebounded twice the price as lper ast year.
Luckily I had only bought shu puer last year without any regret now .
Kindly comment if the same scenario is the same outside Malaysia.
Thanks.