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AUCTION TIMING

SALE NO - 11 /2020-2021
SALE DATE: 2020-08-10

PRICE MOVEMENT

The First Auction of 2020-21 at Bangabandhu Conference Hall, World Trade Center, Chattogram

The First Auction of 2020-21 at Bangabandhu Conference Hall, World Trade Center, Chattogram

The First Auction of 2020-21 at Bangabandhu Conference Hall, World Trade Center, Chattogram

Finally the first Tea Auction of Season 2020-2021 has been held on May 18, 2020 at World Trade Center, Chattogram, Bangladesh.

Finally the very first auction of 2020/21 has been held on May 18, 2020 at Chattogram World Trade Center with the offering of about 1.10 million kg. Usually tea auction year ends at March and starts at late April in every year after keeping a gap of about one month. But in this year, Bangladesh has been passing locked down since March 26 and new auction season could have not been started because of the spread of COVID-19. Even, 46th & 47th sale of previous auction year had to be cancelled due to the pendamic edidemic. As a result, the owners of the gardens couldnot sell their made tea, tea workers would remain unpaid, short supply in the market might lead to price hike and the overall condition would become worse. Considering these situations, Tea Board decided held the first auction on May 18, 2020 at Chattogram Auction Center with the concrete instructions to Tea Traders Association of Bangladesh (TTAB) of ensuring proper health measures & social distancing during auction.

TTAB successfully conducted the auction ensuring the proper health measures & social distancing at the Bangabandhu Conference Hall, World Trade Center, Chattogram (formerly named Chittagong). 17,303 packages of Leaf and 2,759 packages of Dust were advertised for sale in the auction. However, owing to curtailment of movement because of the prevailing COVID-19 epidemic, out-station buyers (buyers from different districts except Chattogram) could not be present. Inspite of this constraint, a good market prevailed whereby the bulk of the offerings could be disposed off at an average of Tk. 218.79. Both Blenders and Loose tea buyers were operating in good strength for the best teas on offer. Plain teas particularly Bought Leaf Factory’s (BLF) were mostly withdrawn owing to lack of bids.

The best Brokens on offer were well sought after and these ranged between Tk.230/- and Tk.240/-. Below best sold between Tk. 220/- and Tk. 230/-. Others which were lower in quality sold between Tk. 200/- and Tk. 210/-. Teas of BLF sold between Tk. 140/- and Tk. 170/- with fair withdrawals.

Well made good liquoring Fannings elicited good support and generally sold in line with quality, prices ranging between Tk. 228/- and Tk. 233/- whilst below best fetching prices between Tk. 220/- and Tk. 225/-. The remainder met with fair interest and these ranged between Tk. 195/- and Tk. 205/-. BLF teas have been seen some interest but ranged between Tk. 140/- and Tk. 170/-.

Dusts on offer met with a good demand. Ds and CDs met with a fairly good competition and sold at a range between Tk. 235/- and Tk. 250/-. Others also sold well in line with quality. However, plain/BLF teas met with less demand with fair withdrawals. Blenders lent strong support with fair interest from the Loose tea buyers.

The next auction will be held on June 01, 2020 at Chattogram Auction Center with the offering of 1.44 million kg. tea in Bangladesh.

  • Type:Events, News
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