scorecardresearch
Monday, Sep 26, 2022
Premium

Assam tea auctioned at over Rs 70,000

The variety is known as Maijan Golden Tips, said Secretary Guwahati Tea Auction Buyers Association, Dinesh Bihani. He said that the tea is often sold at a price much higher than this through private negotiations.

assam, assam Tea, Guwahati Tea Auction, Guwahati Tea, Maijan Golden Tips, assam tea, Assam tea auction, Guwahati Tea Auction Centre, Indian express The manufacturers of the variety are, Assam Company, and the garden is Maijan Tea Estate near Dibrugarh.

A variety of Assam tea broke its own day-old auction record on Wednesday when it went under the hammer for Rs 70,501 at the Guwahati Tea Auction Centre (GTAC).

The variety is known as Maijan Golden Tips, said Secretary Guwahati Tea Auction Buyers Association, Dinesh Bihani. He said that the tea is often sold at a price much higher than this through private negotiations.

“It is a historic moment for the Assam Tea Industry and the GTAC. It shows that buyers are crazy to buy good quality tea at any price,” said Bihani.

Read | Assam tea auctioned at Rs 50,000 per kg

Subscriber Only Stories
UPSC Key-September 26, 2022: Why you should read ‘Attorney General of Ind...Premium
Congress & its missteps: Rajasthan latest in a series of own goalsPremium
UPSC Essentials: Key terms of the past week with MCQsPremium
ExplainSpeaking: Why RBI is likely to cut GDP growth forecast and raise i...Premium

The manufacturers of the variety are, Assam Company, and the garden is Maijan Tea Estate near Dibrugarh. They describe the tea variety as “specially hand plucked, second flush produce from select clonal plants”.

On Tuesday, a variety of Assam tea, Manohari Gold Special tea, was auctioned at Rs 50,000 per kg at the GTAC. Last year, the same variety was auctioned for Rs 39,001/kg. Also, last August, a tea variety from a garden in Arunachal Pradesh was auctioned at at Rs 40,000 per kg.

Assam accounts for nearly 55% of India’s tea production. The GTAC has 665 sellers, 247 buyers and nine brokers, besides 34 warehouses, registered with it. Indicators that buyers look for in a tea variety include appearance, quality/strength of the liquid form, aroma and “keeping quality” — how well the tea will keep if stored for a long time.

First published on: 01-08-2019 at 02:27:44 am
Next Story

Turncoats will sink BJP’s boat: Ashok Chavan

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement