Winning oolong tea breaks price record at Lugu


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Winning oolong tea breaks price record at Lugu

Postby auhckw » Jun 9th, '11, 23:25

Winning oolong tea breaks price record at Lugu, Nantou contest
http://focustaiwan.tw/ShowNews/WebNews_ ... 1106040030

2011/06/04 22:37:51

Taipei, June 4 (CNA) The winner of the 2011 spring competition of Lugu Township's Dong Ding oolong tea, one of the most famous oolong varieties in Taiwan, was sold Saturday at a price of NT$150,000 (US$5,233) per catty or 600 grams, the highest price ever seen at the competition.

The winning tea, planted by tea farmer Liu Chi-chung, broke the record of NT$100,000 per 600 grams set last year at the township's winter tea competition.

The competition, held every spring and winter by Lugu Township Farmers' Association for more than 30 years, selects the best Dong Ding oolong tea in the township in central Taiwan's Nantou County which is famous of producing oolong and other varieties of tea.

A total of 12,000 grams or 20 catties of the winning tea was immediately sold out at the competition site.

Dong Ding oolong tea is a heavily fermented tea that grows in the field of Dong Ding Mountain at 600 to 1,200 meters above sea level. It requires intricate processing and intensive roasting and has a smooth and brisk taste.

A total of 5,428 tea samples were submitted for competition this year, the most ever to enter the competition. (By Lin Heng-li and Christie Chen) Enditem/sc
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Re: Winning oolong tea breaks price record at Lugu

Postby tingjunkie » Jun 10th, '11, 00:00

Sounds like a lot (and it is), but that's $8.72/g. How bout some 50's Red Mark for $35.50/g? :D
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Re: Winning oolong tea breaks price record at Lugu

Postby bagua7 » Jun 12th, '11, 06:17

$355/10g...or $12425 for a 350g cake, which makes it quite expensive indeed.
Last edited by bagua7 on Jun 13th, '11, 00:18, edited 1 time in total.
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Re: Winning oolong tea breaks price record at Lugu

Postby siae » Jun 12th, '11, 07:51

bagua7 wrote:That still would be dirty cheap for a 50s cake!

It is $355/10g...or $12425 for a 350g cake, which makes a lot more sense. :wink:

I think that is for the 10g sample. Wow, that is some expensive tea :shock:
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Re: Winning oolong tea breaks price record at Lugu

Postby shah82 » Jun 13th, '11, 18:52

There is no way I'd trade a Red Mark cake for 10 measly grams of oolong. No matter how good that oolong is...
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Re: Winning oolong tea breaks price record at Lugu

Postby siae » Jun 13th, '11, 19:16

shah82 wrote:There is no way I'd trade a Red Mark cake for 10 measly grams of oolong. No matter how good that oolong is...

I think you got it the other way around. The oolong in this topic is ~$87/10g and the red mark is $355/10g

Or that is how I got it anyways.
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Re: Winning oolong tea breaks price record at Lugu

Postby tingjunkie » Jun 17th, '11, 19:31

siae wrote:
shah82 wrote:There is no way I'd trade a Red Mark cake for 10 measly grams of oolong. No matter how good that oolong is...

I think you got it the other way around. The oolong in this topic is ~$87/10g and the red mark is $355/10g

Or that is how I got it anyways.


Yay for basic math skills!
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Re: Winning oolong tea breaks price record at Lugu

Postby siae » Jun 17th, '11, 19:47

tingjunkie wrote:
siae wrote:
shah82 wrote:There is no way I'd trade a Red Mark cake for 10 measly grams of oolong. No matter how good that oolong is...

I think you got it the other way around. The oolong in this topic is ~$87/10g and the red mark is $355/10g

Or that is how I got it anyways.


Yay for basic math skills!

:D almost strained myself.
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Re: Winning oolong tea breaks price record at Lugu

Postby djlau » Oct 27th, '11, 03:22

supply and demand. Supply and demand! $8.7 per gram is still not as expensive as a plant commonly prescribed nowadays to treat things like back pain, loss of appetite due to chemo... :wink:
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Re: Winning oolong tea breaks price record at Lugu

Postby teaisme » Oct 31st, '11, 17:46

off topic but curious what plant you are referring to?
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Re: Winning oolong tea breaks price record at Lugu

Postby Poohblah » Oct 31st, '11, 18:48

teaisme wrote:off topic but curious what plant you are referring to?
ganja.
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