Price of Pu'er tea goes down

时间：2007-07-09 00:41:21

（单词翻译:单击）

Chinanews, Shanghai, July 8 – Two months ago, a package of Pu'er tea weighing 30 kilograms would sell at a price of 16,000-17,000 yuan in the Shanghai tea market. Now, if the same package of tea were sold at 6,000 yuan, nobody would buy it. This year, the price of Pu'er tea once went up at an incredibly high level. Now, its price has started to drop in Yunnan, the native place of Pu'er tea, and also in Guandong, Fujian, Zhejiang and Shanghai.

 

Last week, this reporter went to some of the tea stores in Shanghai. The reporter found that the most expensive variety of Pu'er tea, the Guangyun Royal Tea Cake produced in 1960, was sold at 18,800 yuan, but not many customers visited these tea stores.

 

Some analysts1 attribute the sharp price fall of Pu'er tea to the speculation2 activities for the tea.

 

Statistics3 show that in less than three years, the price of Pu'er tea increased by 10-fold or even 100-fold. Last year, a package of a variety of Pu'er tea, called Qizibing, was sold at 1.6 million yuan in the auction4 market. Many farmers exclaimed that when they picked the tea leaves in the tea garden, they felt as if they were picking Renminbi notes! More and more people are becoming tea collectors. It is said that a person even sold his PMW car to collect Pu'er tea.

 

Meanwhile, tea companies have made lucrative5 profits from the tea production. Before 2000, a Pu'er tea company manager would be highly praised as long as he could avoid profit loss for the company. However, in the beginning of 2007, the price of Pu'er tea started to go up substantially. Production of Pu'er tea was regarded as a lucrative business, so many Pu'er tea company managers abandoned their old bikes and began to drive big flash cars to go to work every day.

 

However, the situation did not last long. Months later, the price of Pu'er tea fell sharply6. What caused such big drops?

 

The biggest problem is that there is no professional industrial standards set for the Pu'er tea industry. In Yunnan, for example, there are now more than 3,000 companies that process Pu'er tea. However, only 59 of them have passed the state's Quality Safety test. The quality of tea produced by small companies is inferior7. Sometimes these small companies even produced some fake-branded products, which disturbed the market order of Pu'er tea production.

 
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1 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
2 speculation 9vGwe     
n.思索，沉思；猜测；投机
参考例句：
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
3 statistics iGyzb     
n.统计，统计数字，统计学
参考例句：
  • We have statistics for the last year.我们有去年的统计资料。
  • Statistics is taught in many colleges.许多大学都教授统计学。
4 auction 3uVzy     
n.拍卖；拍卖会；vt.拍卖
参考例句：
  • They've put the contents of their house up for auction.他们把房子里的东西全都拿去拍卖了。
  • They bought a new minibus with the proceeds from the auction.他们用拍卖得来的钱买了一辆新面包车。
5 lucrative dADxp     
adj.赚钱的，可获利的
参考例句：
  • He decided to turn his hobby into a lucrative sideline.他决定把自己的爱好变成赚钱的副业。
  • It was not a lucrative profession.那是一个没有多少油水的职业。
6 sharply UiRziL     
adj.锐利地，急速；adv.严厉地，鲜明地
参考例句：
  • The plane dived sharply and rose again.飞机猛然俯冲而后又拉了起来。
  • Demand for personal computers has risen sharply.对个人电脑的需求急剧增长。
7 inferior ebXzc     
adj.劣等的，次的，下级的；n.下级，下属
参考例句：
  • These oranges are inferior to those I bought last week.这些桔子没我上个周买的好。
  • They sell inferior goods at that store.那家商店卖劣等货。

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