Guwahati Tea Auction Centre sold tea worth of Rs 2,300 Cr in FY23

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Guwahati Tea Auction Centre sold tea worth of Rs 2,300 Cr in FY23

Guwahati: According to data provided by the Guwahati Tea Auction Center (GTAC), it has sold around Rs 2,300 crore worth of Assam tea till date during the financial year 2023-2024.

GTAC sold around 115 million kg of tea at an average price of Rs 198.51 per kg.
Guwahati Tea Auction Buyers Association (GTABA) secretary Dinesh Bihani told ANI that this year, a specialty tea called Golden Needle tea was sold for Rs 61,000 per kg.
Now we have reached the month of December and the tea production season is almost over this year. About 115 million kg of tea was sold at an average price of Rs 198.51 per kg from April 1 to the first week of December.
Last year, during this period, we sold 114.50 million kg of tea at an average price of Rs 201.14 per kg,” he said. “We hope that we will be able to procure more tea in the coming days,” he said. Bihani said.

“Earlier in 2021, one special tea was sold at Rs 1 lakh per kg. In this financial year, Guwahati Tea Auction Centre has made another record by selling Golden Needle tea at Rs 61,000 per kg,” he added.

Bihani said that GTAC is now the second-largest auction centre in the world for CTC teas, after Kenya and all efforts are being made to bring the tea auction centre into the first position.

As per the data from the Tea Board production, the Indian tea crop from January to October was 1163.06 million kg, slightly down from last year’s 1166.34 million kg.

From January to September, 157.92 million kg of tea were exported from India and last year, during the same period, tea exports were 166.11 million kg.

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