Tea auction begins in Ctg tomorrow
The first tea auction for 2022-23 will begin tomorrow at Chattogram Tea Auction Centre.
In the first phase, 1,058,708 kilogrammes (kgs) of tea leaves collected from 97 tea gardens across the country will be sold.
On the other hand, auction in Sreemangal— the country's second auction centre—will begin on April 27.
Forty-five tea auctions will be held in Chattogram and 23 in Sreemangal.
"The demand for tea will increase for the Eid-ul-Fitr," Omar Hannan, chairman of the Tea Traders Association of Bangladesh, told The Daily Star.
"We hope to get better prices in the auction, as the buyers are also showing interest to take part in it. I think the tea market will become stable after the end of the Covid-19 epidemic."
In the last auction in the port city, around 750,000 kgs of tea leaves were sold.
"Production and auction of tea was normal even during the Covid-19 pandemic last year thanks to the implementation of different plans taken by the tea board and sincere efforts of the industry stakeholders," said Bangladesh Tea Board Chairman Major General Md Ashraful Islam.
"The demand and supply was normal in the last tea auction year when production, sales and prices of tea increased simultaneously," he added.
Islam believes the tea market would remain stable in the 2022-23 auction year as well.
The tea board chairman said tea production will be better this year as it started raining in Sylhet and Chattogram on time.
Furthermore, North Bengal's Thakurgaon and Nilphamari districts are also producing a good amount of tea this year, he said.
Islam thinks the country will be able to produce more tea leaves this year than the yearly target of 100 million kgs.
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