Tea Auctions
Tea auctioneers form association to safeguard trade rights and interests
About 40 per cent of all tea produced in India is sold through the auction route
 "Tea auctioneers form association to safeguard trade rights and interests")
Mixed trend in demand for different categories of tea during Sale-22: CTTA
Mixed trend in demand for different categories of tea was observed during Sale-22, a Calcutta Tea Traders' Association (CTTA) official said here on Friday. The demand for CTC leaf and Darjeeling tea increased while Orthodox leaf and Dust tea marked a weaker trend, he said. The total demand reduced by 3.05 per cent along with reduced offered quantity during the auction as compared to last week, the official said. The auction (Sale-22) was held on May 30 and 31. According to CTTA data, the total offerings amounted to 98,644 packages (28,32,493 kg) comprising 36,056 packages of CTC leaf, 45,103 packages of orthodox, 4,441 packages of Darjeeling leaf and 13,044 packages of dust tea. CTC leaf met good demand and a total of 8,03,325 kg of different categories was sold at an average price of Rs 198.97 per kg. Around 37.92 per cent of the total demand was witnessed for CTC leaf at below Rs 150 per kg level while 26.18 per cent was marked above Rs 250 per kg. Western India operated on be
 "Mixed trend in demand for different categories of tea during Sale-22: CTTA")
New tea auction process to be introduced in March in north India
The Bharat Auction model for tea, which is already functional in south India, will be introduced in north India from end of March, an official in the industry said on Saturday. The pilot project will be conducted on March one so that all the features get tested by the stakeholders, following which the Bharat Auction model will be introduced in Kolkata, Guwahati and Siliguri from March 22, 2023. "The auction system will shift from the existing English system to the Bharat Auction model from March 22. The pilot auction will be done on March one so that all the features are tested by the stakeholders", secretary of Calcutta Tea Traders Association (CTTA) J KalyanaSundaram said. CTTA conducts the auctions in Kolkata, while Tea Auction Committee does both in Siliguri and Guwahati. He said the new auction has been already functioning in south India, adding that the volume of tea transacted there is much lower than in north India. "Out of odd 600 million kg sold in the country through the
 "New tea auction process to be introduced in March in north India")
High tea prices could impact near term margins of Tata Consumer Products
Price hikes, distribution rejig and higher in home consumption to offset some of the pressures
 "High tea prices could impact near term margins of Tata Consumer Products")
Innovation needed to attract buyers: Tea Board chief to auction centre
As an initiative, ex-factory auctions can be organised from satellite warehouse points instead of tea being brought to Guwahati for sale
 "Innovation needed to attract buyers: Tea Board chief to auction centre")
Lockdown and uneven rainfall hits tea crop, prices firm up at auctions
The production in north India, comprising Assam and north Bengal, is down by 40 per cent from January to June as compared to the figures of 2019
After South India, tea auctions set to resume in Guwahati on April 23
Two other important centres in Kolkata and Siliguri are yet to decide on a date
 "After South India, tea auctions set to resume in Guwahati on April 23")
Centre to appoint settlement banker for pan-Indian tea auction
The module of the pan-Indian e-auction was rolled out by the Tea Board in June 2016
 "Centre to appoint settlement banker for pan-Indian tea auction")
Tea Board halts new e-auction settlement process for 4 weeks
Till the technical issues at stake are addressed, the earlier payment procedures in place before introduction of pan-India operations in various centres will be followed
 "Tea Board halts new e-auction settlement process for 4 weeks")
