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.

The Tea Auctions

How tea is priced and sold. The canonical reference on the world's tea auctions: how a sale actually works, the major centres at Mombasa, Colombo, and across India, the move from the outcry floor to the screen, and what an auction price really means.