1 year ago
Jalpaiguri Tea Auction Halted Due to Low Inflow
The tea auction in Jalpaiguri, India, stopped recently after just starting up again.
This auction center helps tea sellers and buyers.
But, buyers weren't getting their invoices quickly enough after paying.
This caused delays, making it hard to get their tea.
Since the buyers couldn't get the tea, the sellers stopped sending it.
Now, people are trying to fix the invoice problem, hoping to start the auctions back up so tea can be sold again.
Tea auction at Jalpaiguri's NBTAC halted due to low tea inflow.
The auction center reopened in May after being closed since 2014.
Buyers faced invoice delays, preventing tea delivery after payments.
Only 16,279 kilos of tea were auctioned off since reopening in May.
Stakeholders are seeking solutions to resume the auction process.
- Who
- Buyers, brokers, and tea producers.
- What
- Tea auction at the North Bengal Tea Auction Centre (NBTAC) in Jalpaiguri has been halted.
- Where
- North Bengal Tea Auction Centre (NBTAC) in Jalpaiguri, India.
- When
- The auction was halted since the past week, with no tea auctioned on July 28 and August 4.
- Why
- Because of low tea inflow caused by invoice delays, leading to buyers not attending the auction.
Tea Auction Issues
NA
Invoice Issues
Tea Auction Issues
Invoice delays hindering tea delivery.
NA
NA
Key facts
- Auction Reopened
- May 2024
- Previous Closure
- 2014
- Total Tea Auctioned (Since May)
- 16,279 kg
- Highest Auction Price
- ₹193/kg
- Lowest Auction Price
- ₹116.32/kg
Quotes
Sanjay Dhanoti
Chairman of the task force formed to reopen the centre
“But the buyers were facing a problem. After buying teas through auction and making online payments, they were getting the invoices late. As a result, they could not get the teas delivered from the warehouses where teas are stored ahead of auctions. That is why they have stopped participating in auctions, and as a result, we have stopped sending teas because there are no buyers.”
telegraphindia.com
“We have written to the Tea Board, seeking simplification of the process to issue the invoices. It has to be ensured that an arrangement is made so that the buyers and brokers receive the invoices on the same day when they make the payment. We are waiting for further moves by the Tea Board.”
telegraphindia.com
A source
NBTAC source
“However, on July 28, when an auction was supposed to be held, no tea was put on auction. The situation was similar on August 4 when no tea was auctioned.”
telegraphindia.com
Purajit Bakshigupta
The vice-chairman of NBTAC
“We are hopeful that the problems will be solved and the tea auction will resume here.”
telegraphindia.com
