Confederation of Smallholders Will Relocate from China to India | Iran tea Imports Plunge 62pct | Economists Predict Soft Commodity Prices Will Stabilize in 2024

HEAR THE HEADLINES – FAO Confederation of Tea Smallholders Will Relocate its Headquarters to India | Iran Tea Imports Plunge by 62% | Economists Predict Soft Commodity Prices Will Stabilize in 2024 | 9 Feb 2024

| NEWSMAKER – Peter Goggi, FAO IGG delegate representing the United States as President of the Tea Association of the USA

| FEATURED – Delegates from 44 countries (and 14 official observers) who attended The 25th Session of the United Nations Food and Agriculture Organization's Intergovernmental Group on Tea (IGG Tea) last week expanded the organization's mandate beyond trade aspects, ratifying initiatives addressing all three dimensions of sustainability – economic, social, and environmental. Joining us today is Peter Goggi, the IGG delegate representing the United States as President of the Tea Association of the USA. Peter discusses #TeaPower, a new health and wellness campaign, FAO's ongoing support of smallholders, and the economics of oversupply.

There's Too Much Tea in the World – Peter Goggi began his career at Unilever, where he was the first American in the history of TJ Lipton to work as a tea taster. He retired after 32 years with Royal Estates Tea Co., where, as president, he was responsible for tea sourcing, blending, and quality assurance. His last assignment was as head of tea procurement, leading a team of supply managers and analysts who spent a billion dollars a year buying tea. His encore as president of the Tea Association of the USA is marked by a fourth decade of service to the industry. Peter has been the US delegate to FAO's Intergovernmental Group on Tea for the past decade, an influential body of cabinet ministers, tea board chairs, academics, tea association executives, and policymakers representing every tea-growing and central tea-consuming region globally. "The IGG is a fabulous opportunity for all interested parties on a governmental level to talk about the tea industry," says Goggi. "It's essential to express their views. They all have issues that they're facing. The problems facing countries of origin differ significantly from those facing consuming countries. But ultimately, solutions that satisfy both need to be met," he says, adding, "The overriding concern of all parties in this business is the lack of profit throughout the supply chain."

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