ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Assam Tea Industry thrives despite climate impact, sets new revenue milestones

Tea traders have expressed their enthusiasm and hope after the tea trade witnessed a significant growth of over Rs 2,800 crore sold at the Guwahati Tea Auction Centre (GTAC) during the financial year 2024-2025 so far.

ANI Nov 16, 2024 16:27 IST googleads

Tea workers photo (Photo/ANI)

Guwahati (Assam) [India], November 16 (ANI): Assam's tea trade association has expressed optimism and enthusiasm as the tea industry witnessed significant growth, with over Rs2,800 crore worth of tea sold at the Guwahati Tea Auction Centre (GTAC) during the current financial year (2024-2025) so far.
According to official data from the GTAC, approximately 111.03 million kg of tea was sold at an average price of Rs252 per kg until October of the ongoing financial year. In comparison, during the same period in the 2023-24 financial year, 102.92 million kg of tea was sold at an average price of Rs200.08 per kg.
Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyers' Association (GTABA), told ANI, "Compared to the previous year, we have achieved an increase of Rs52.75 per kg this year. Last year, we sold tea worth Rs2,059 crore from April to October, whereas this year, during the same period, we sold tea worth Rs2,807 crore. Last year, we sold 102.92 million kg of tea, and this year, it increased to 111.03 million kg."
He noted that climate change has affected both the quality and overall production of tea in Assam.
"Due to climate change, tea production saw a shortfall of about 63 million kg between April and September this year. This production shortage has driven up tea prices, particularly for high-quality tea. However, we expect some recovery in production this month. Additionally, 31 million kg more tea has been exported this year compared to the previous year. Demand for Indian tea has increased in markets like Russia, Iran, and other European countries," Bihani added.
He also highlighted various initiatives taken by the Assam Government and the Union Government to support tea garden development.
"Most tea gardens in Assam have adopted digital payment methods for labourers' wages. The Guwahati Tea Auction Centre is now fully digitalised, with all operations conducted electronically," Bihani said.
He emphasised the benefits of these advancements for labourers and expressed hope for continued government support.
"This year, the bonus payments have been excellent, benefiting labourers significantly. We are optimistic about the assistance provided by the Assam Government. Together with the Central Government, the Assam Government, and the tea industry, we aim to restore the historic prominence of Assam's tea industry," he concluded.
Recently, the Guwahati Tea Auction Centre celebrated 200 years of Assam tea. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

With India’s Fasteners Market Projected at USD 17 Billion by 2034

With India’s Fasteners Market Projected at USD 17 Billion by 2034

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Read More
Business

Delhi expected to witness significant rise in electricity demand

Delhi expected to witness significant rise in electricity demand

Delhi is expected to witness another significant rise in electricity demand this summer. According to the State Load Despatch Centre (SLDC), last year, Delhi's peak power demand had clocked 8442 MW. This year, it is likely to cross 9000 MW. The expected peak of over 9000 MW represents an increase of over 300 per cent compared to the 2879 MW recorded in 2002. Current trends suggest that Delhi's peak power demand is likely to cross the 10,000 MW mark by 2028-2029.

Read More
Business

VinFast Continues Building Layered Path for EV Transition

VinFast Continues Building Layered Path for EV Transition

Gurugram (Haryana) [India], March 12: VinFast's latest "Trade Gas for Electric" programme adds new incentives for petrol car owners switching to EVs, reinforcing a broader strategy that combines exchange support, resale value guarantees, long warranties and service expansion in India.

Read More
Business

If crude remains near USD 100/bbl, crisis to add Rs 30k cr/ month

If crude remains near USD 100/bbl, crisis to add Rs 30k cr/ month

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.