apache wrote:I did think about this, why don't they like Scott whisky distilleries have the tea mature for say 12 or 18 years and sell it?
I hope someone with more knowledge will shed some light on this, but
my guess is:
1. tea producers need to turn the money around quickly
2. keeping huge amount of stock costs a lot of money in rent and management. Stock need to rotate in storage twice a year. With hundreds of thousands boxes (6 or 12 tongs per box) and let say only cost US $0.5 to move one box, it still cost a lot of money.
3. Risk involve like fire, flood, theft, pest and market price movement. Not all teas will increase in value in good amount, e.g. last few years 8582, 7542.
These just some I could think of.
For one, it's puerh basically since it was processed, but depending on the country it can not be called a Whisky until its aged for a certain length of time ( 3-6 years depending on the country of origin). In reality all but relatively few distilleries sell of large portions of their stock while its still incredibly young ( though those that buy it may still hold the casks and age it), so its not quite like distilleries get no income for the first 10 years of production. Especially since quite a few often in the early years also make gin or vodka, or do special releases of spirit that can not quite legally be called whisky yet, to get some income.
Another parallel would be to consider Wine, while I do not have numbers on this, consider the fact that very high quality wines are considered to have great aging potential, often needing to sit for 5 if not more years before it is best. Yet very few wineries ever hold onto large batches of bottles for the sole purpose of aging them. They tend to get put on market rather quickly. Though wine is a bit odd as with red wine its not uncommon for bottles to be released 3 or so years after its vintage, but who knows how long after bottling.
I really think it's because it is hard to firstly get a business off the ground, and secondly it assumes far to much risk, when it has the business model that it doesn't sell a product for many many years until after it is made.