CCTV.com - CNTV English - CCTV News

Price of vintage Pu'er tea roars

03-27-2012 08:36 BJT

Watch Video

Play Video

Vintage Pu’er is among the most valuable tea drinks due to its rich taste and low yield. In recent years, investors have shown great interest in the leaf, driving the price even higher than gold.

Vintage Pu’er is typically stored for over 10 years. And in the past decade, its price has increased tens of times.

Vintage Pu’er is among the most valuable tea drinks due to its rich taste and low yield.

Luo Jingbo runs a vintage tea shop in Dongguan, Guangdong province. His pocket is filled up by the rising profits of Pu’er tea.

Luo Jingbo said, "I bought this pad of tea for 1,500 yuan in 2002, and now it’s worth almost 60, 000. And this one was sold for 20 yuan in 2002, but now it’s worth six-thousand yuan on the market."

Luo Jingbo said the roaring profits of Pu’er tea has attracted him to give up his steel business and become a vintage tea dealer several years ago. Luo Jingbo said, "Vintage Pu’er of high quality is rare in the market, so tea lovers tend to keep it as a kind of antique."

In recent years, investors have shown great interest in the leaf, driving the price
even higher than gold.

China’s southwest Yunnan province is where most high quality vintage Pu’er is produced. But recently, instead of going out, the tea is sold from elsewhere back home. Feng Xinghua, tea dealer in Yunnan province, said, "It’s very difficult to find vintage Pu’er in Yunnan now as it has been sold out for years. Now, we have to buy it elsewhere and bring it back."

Luo Jingbo said, "This is called French brick, which was bought by French people in 1986. Later it was sold to a Taiwan dealer, and then we bought it."

The price hike of vintage Pu’er has brought great profits to many tea dealers, yet its prices have not always been stable. How long the seller’s market will last remains to be seen.

"Carcinogenic Pu'er tea" myth debunked

Despite the growing price of Pu’er tea, it remains a popular choice among tea aficionados. But a recent message circulating on China’s microblogging sites warning people against the tea’s carcinogenic effects may dampen the tea’s future sales. Full story >>

 

Editor:Zhang Dan |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program