GTAC AVERAGE
Buyers continue to flock to Guwahati Tea Auction centre to purchase crush-tear-curl tea
Secretary, Guwahati Tea Auction Buyers Association Dinesh Bihani said, "A Middle East exporter purchased approx. 12.5 lakh kgs CTC teas at Rs 238.57 from GTAC during the period from April to October. The average per kgs of teas is higher by Rs 31.61 from GTAC average. These teas are exported to Saudi Arab, United Arab Emirates, Oman, Qatar and other middle East countries. We have also seen an exporter from Kazakhstan participating in GTAC regularly".
Trouble brewing: Assam tea industry is struggling for survival
Bidyananda Barkakoty, Adviser, North Eastern Tea Association (NETA), “On one hand the price realisation of tea is lower by Rs. 44.19 per kg, which is about 18% lower compared to last year and on the other hand, the cost of Production (CoP) has gone up due to hike in wages and inputs. CoP has gone up by Rs. 25.00 per kg of made tea due to recent hike in daily cash wage from Rs 167.00 to Rs 205.00."
GTAC to hold auction on Wednesday through virtual platform
GTAC Secretary Priyanuz Dutta informed that this first time that such sale will take place in GTAC.
Tea Board reinforces quality for determination of green leaf prices, tea associations seeks modification
Tea board of India started reinforcing quality parameter for determination of green tea leaf prices.
Guwahati tea auction centre witnesses increase in private sale
Guwahati tea auction centre witnesses increase in private sale despite VAT cut GTAC failed to attract more tea. .
Darjeeling tea companies likely to perform better this year
Darjeeling tea companies are likely to perform better this year as the crop situation has improved and enquiries from the overseas markets have picked up significantly.
