Tagged: futures contract

Why Doesn't Tea Have a Futures Market?

Coffee has traded futures since 1882 and cocoa since the 1920s. Tea, which outsells them both, has never had one, anywhere. The reason is not price stability. It is that no two lots of tea are the same thing.

How a Tea's Price Gets Set

The auction publishes a price in public. Private treaty sales do not, smallholders cannot always wait for a fair one, and Kenya split its floor to give quality a price of its own.