Monday, May 30, 2022

The Price Of Tea


I thought we would emerged into a better place after more than 2 years of covid pandemic.   However, as of today, I do not think we are in a better or happier place.  There is a war in Europe and there are people worldwide who are still waiting to be vaccinated.  

Things are getting expensive and may be even more expensive for the rest of the year.  Call it whatever you want; inflation, stagflation or recession. If you are spending $2000 a month, you will continue to spend $2000 a month except that this money now will get you less things.  You  have to provide  a bigger allocation to essentials like food and gas. I was told by my American tea buddy that gas is now 5 bucks a gallon. I am not laughing, it is expensive over here in Singapore as well. Everything is expensive. 

How about Chinese tea?  Yes, Chinese tea is getting expensive too. Labour and production costs have gone up. My tea distributor friends in Guangzhou had confirmed that new tea this year will be more expensive than tea last year.  Not surprising.  Yes, a 1-2 year old pu erh tea cake may be cheaper than a current year tea cake.  Older pu erh tea is more desirable to many tea drinker and collectors. Now it is technically cheaper. But......the costs of freight is getting astronomically high due to the high cost of fuel. So. Chinese tea overall will be expensive.  Time to drink more from our tea stash. This is the 'rainy day' for us. 

Pray for peace.     

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