Meats Futures   Precious Metal Futures   Food Fiber Softs Futures   Industrial Metals Futures   Grains Futures   Energy Futures
 
 
 
Energy Futures
  Crude Oil, Propane, Natural Gasoline, Unleaded Gasoline, Heating Oil/Diesel, Unleaded Gas, Natural Gas
Industrial Metals Futures  

Copper, Aluminum, Cadmium, Chromium, Cobalt, Magnesium, Manganese, Mercury, Nickel, Zinc, Tin, Steel/Iron, Lead , Tungsten, Titanium, Vanadium, Uranium, Palladium
 
Precious Metals Futures

Gold, Silver, Platinum
 
Grains Futures
  Corn, Canola, Soybeans, Soybean Meal, Sunflowerseed, Soybean Oil, Azuki Beans, Palm Oil, Wheat, Barley, Oats, Rice
 
Meats Futures
  Live Hogs, Live Cattle, Pork Bellies
Feeder cattle
 
Food/Fibre/Softs Futures

Cocoa, Coffee, Milk, Plastics, Pepper, Potatoes, Paper, Salt, Sugar, Silk, Tobacco, Tea, Lumber, Onions, Wool, Cotton, Orange Juice, Rubber
 
 
 

TEA FUTURES

Tea is the common name for a family of mostly woody flowering plants. The tea family contains about 600 species placed in 28 genera and they are distributed throughout the tropical and subtropical areas, with most species occurring in eastern Asia and South America. The tea plant is native to Southeast Asia. There are more than 3,000 varieties of tea, each with its own distinct character, and each generally named for the area in which it is grown. Tea has been consumed in China since perhaps the 28th century BC and certainly since the 10th century BC. In 2737 BC, the Chinese Emperor Shen Nung, according to Chinese mythology, was a scholar and herbalist. While his servant boiled drinking water, a leaf from the wild tea tree he was sitting under dropped into the water and Shen Nung decided to try the brew. Today, half the world’s population drinks tea, and tea is the world’s most popular beverage next to water.

Tea is a healthful drink and contains antioxidants, fluoride, niacin, folic acid, and as much vitamin C as a lemon. The average 5 oz. cup of brewed tea contains approximately 40 to 60 milligrams of caffeine (compared to 80 to 115 mg in brewed coffee). Decaffeinated tea has been available since the 1980s. Herbal tea contains no true tea leaves but is actually brewed from a collection of herbs and spices.

Tea grows mainly between the tropic of Cancer and the tropic of Capricorn, requiring 40 to 50 inches of rain per year and a temperature ideally between 50 to 86 degrees Fahrenheit. In order to rejuvenate the bush and keep it at a convenient height for the pickers to access, the bushes must be pruned every four to five years. A tea bush can produce tea for 50 to 70 years, but after 50 years, the yield is reduced.

The two key factors in determining different varieties of tea are the production process (the sorting, withering, rolling, fermentation, and drying methods) and the growing conditions (the geographical region, growing altitude, and soil type). Black tea, often referred to as fully fermented tea, is produced by allowing picked tea leaves to wither and ferment for up to 24 hours. After fermenting, the leaves are fired, which stops oxidation. Green tea, or unfermented tea, is produced by immediately and completely drying the leaves and omitting the oxidization process, thus allowing the tea to remain green in color.

Supply – World production of tea in 2001, the latest full reporting year, rose +1.5% to 2.991 million metric tons from 2.948 million metric tons in 2000. The world’s largest producer of tea in 2001 was India with 25.0% of world production, followed closely by China with 24.1% of world production. Other key producers include Sri Lanka (9.5%), Kenya (8.0%), Turkey (6.0%), and Indonesia (5.6%).

Trade – US tea imports in 2002 fell to 171,829 metric tons in 2002 from 172,829 metric tons in 2001. The world’s largest tea importers in 2000 were Russia with 12.6% of total world imports, the United Kingdom (12.4%), Pakistan (8.9%), and the US (7.0%). The world’s largest exporters are Sri Lanka with 19.4% of world exports in 2000, China (15.6%), Kenya (14.7%), and India (13.6%).

 
Food/Fiber/Softs Futures is also spread to:
|Cocoa|Coffee|Milk|Pepper|Potatoes|Plastics|
Paper
|Salt|Sugar|Silk|Tobacco|Tea|Lumber|
Onions|Wool|Cotton|Orange Juice|Rubber|
 
 
     
  Copyright ©2006 FUTURESCONTRACTS. All Rights Reserved.