Guwahati Tea Auction Centre (GTAC) recorded the sale of Assam Tea amounting to INR 2,300 crore during the fiscal year 2023-24.
GTAC data indicates that around 115 million kilograms of tea were sold at an average rate of INR 198.51 per kilogram.
According to Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyers Association (GTABA), a distinctive tea known as ‘Golden Needle’ was auctioned at INR 61,000 per kilogram this year.
“December has arrived, and this year’s tea manufacturing season is almost over. An estimated 115 million kg of tea was sold between April 1 and the first week of December at an average price of INR 198.51 per kg. We sold 114.50 million kg of tea at an average price of INR 201.14 per kg during the same period last year,” he said.
“We hope to be able to get additional tea in the coming days.”
While selling marginally more quantity of tea this year than last, Bihani noted that the average price of the commodity decreased (when compared for the two years).
He also talked about the larger picture and how the tea industry has been negatively impacted by recent international events like wars and climate change.
“To address the problems posed by climate change and lessen its effects on the tea business, collaborative actions with stakeholder groups and associations are now in progress,” he said.
Bihani emphasised GTAC’s involvement in the International Tea Trade Fair and the free tea distribution on International Tea Day, celebrating 200 years of Assam tea.
