Last year I had made some comments that when will the price of the puer bust. It seems that my question was answered when I recently went to the Malaysia Tea Expo in Times Square. 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 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 especially yr 07 teas.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 who are keen to buy some tea for own consumption or collection, I think this is right time purchase some worthwhile tea with reasonable prices.Second supriseThe 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 year shu puer price rebounded twice compare with the price as per last year.Luckily I had only bought shu puer last year without any regret now as I always feels that Shu puer will make thier mark one day.Kindly comment if the same scenario is the same outside Malaysia.Thanks.
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My last year original blog had explained that the Puer tea prices had crash like the recent worldwide stock markets. This yesr 2009 prices could do no better than last year. However, for this year the prioes did sought of stabilise compare to last year.
Moereover, prices for the aged sheng teas had risen compared to last year.
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