Assam Tea Sales Reach New Heights at Guwahati Tea Auction Centre
The Guwahati Tea Auction Centre (GTAC) in Assam, India, has reported a remarkable increase in tea sales for the financial year 2024-25, with over Rs 2,800 crore worth of tea sold by October. This is a significant rise from the previous year’s sales of Rs 2,059 crore during the same period.
Record-Breaking Sales
According to GTAC’s official data, approximately 111.03 million kg of tea was sold at an average price of Rs 252 per kg. In contrast, during the 2023-24 financial year, 102.92 million kg of tea was sold at an average price of Rs 200.08 per kg.
Factors Contributing to the Increase
Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyer’s Association (GTABA), explained that the price per kg increased by Rs 52.75 compared to the previous year. He attributed this to climate change, which caused a production shortfall of 63 million kg from April to September, leading to higher prices, especially for quality tea. Government initiatives to develop tea garden areas also played a role.
Export Growth and Digital Advancements
This year, 31 million kg of tea have been exported, with increased demand from Russia, Iran, and European countries. Additionally, most tea gardens in Assam have adopted digital payment methods for labor wages, and the GTAC has fully digitalized its operations.
Celebrating Assam Tea
Recently, the Guwahati Tea Auction Centre celebrated 200 years of Assam tea, marking a significant milestone in the region’s tea industry.
Doubts Revealed
Assam Tea -: Assam Tea is a type of tea grown in the Assam region of India. It is known for its strong flavor and bright color.
Guwahati Tea Auction Centre -: The Guwahati Tea Auction Centre is a place in Assam where tea is sold to buyers. It is one of the largest tea auction centers in India.
Rs 2,800 Crore -: Rs 2,800 Crore is a large amount of money, equal to 28 billion rupees. It shows how much money was made from selling tea.
Financial Year 2024-25 -: The financial year 2024-25 is a period used for accounting and budgeting, starting in April 2024 and ending in March 2025.
111.03 million kg -: 111.03 million kg is a huge amount of tea, weighing over 111 million kilograms. It shows how much tea was sold.
Climate Change -: Climate change refers to changes in the Earth’s weather patterns, which can affect how plants like tea grow.
Government Initiatives -: Government initiatives are actions taken by the government to help improve or support something, like the tea industry.
Exports to Russia and Iran -: Exports to Russia and Iran mean that tea from Assam is being sold to these countries, helping increase sales.
Digital Advancements -: Digital advancements refer to using new technology, like computers and the internet, to make things work better and faster.