What it is
The dried leaves of the tea bush, plucked largely by hand. Unlike coffee and cocoa it has no futures market of note: most of it is sold at weekly auctions in the producing countries.
How it is usually quoted
US dollars or the local currency per kilogram, at auction.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
Auctions, among them Mombasa in Kenya, Kolkata in India and Colombo in Sri Lanka.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Rainfall and drought in East Africa and South Asia
- The cost of labour, since plucking is done by hand
- Buying by the large importing countries
- The currencies of the exporting countries
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
China and India grow the most. Kenya and Sri Lanka are leading exporters, with Vietnam and Turkey also large growers.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Tea is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.