Tea auction begins May 13 amid Covid-19 crisis | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 29, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 29, 2025
Tea auction begins May 13 amid Covid-19 crisis

Industry

Shahadat Hossain Chowdhury
03 May, 2020, 01:20 pm
Last modified: 03 May, 2020, 03:19 pm

Related News

  • Sixth sovereign Sukuk bond's auction held at central bank
  • Tea exports jump by 58% in 2024
  • Ctg customs puts 30 imported concrete mixers lorries up for auction 
  • Pipes and equipment worth hundreds of crores lie idle for six years, Ctg customs stuck over auction hurdles
  • Banks find no buyers for S Alam Group's auctioned properties to recover money

Tea auction begins May 13 amid Covid-19 crisis

No date has been finalised for Srimangal as yet

Shahadat Hossain Chowdhury
03 May, 2020, 01:20 pm
Last modified: 03 May, 2020, 03:19 pm
Representational Image. Photo: Collected
Representational Image. Photo: Collected

The tea auction for the new year will start on May 13 after two occasions were postponed due to the outbreak of the novel coronavirus.

The Bangladesh Tea Board has not released the full schedule for the auction but has set two dates for Chattogram. No date has been finalised for Srimangal as yet.

As per the tea board schedule for 2020-21, the first auction will be held on May 13 and the second on May 19.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

A circular signed by the tea board's Acting Deputy Director (Trade) Muhammad Madhul Kabir Chowdhury provided some instructions about the auction.

According to the tea board, the new year's tea auction will be held in Agrabad of Chattogram.

In order to prevent Covid-19 from spreading, auction participants will have to sit at a distance of seven feet to maintain social distancing. If space is not available at the current centre in Agrabad, the auction will have to be moved to a larger hall.

The notification includes instructions for following health rules at auction centres, broker houses and warehouses. The directive also mentions that only essential manpower should be present during the auction.

Kula Pradip Chakma, secretary to the Bangladesh Tea Board, said, "During the novel coronavirus situation, we have finalised two dates for the 2020-21 auction year for Chattogram.

"When the office opens after the public holiday, the full schedule will be set. No date has been fixed yet for the auction in Srimangal."

According to tea board sources, four auctions are held in Chattogram and Srimangal every month. Of these, one is held in Srimangal.

In a year, usually 45 auctions are held unless the tea board increases the number for special circumstances.

Due to the Covid-19 crisis, the 47th and 46th auctions for the last year, 2019-20, were postponed respectively on March 24 and March 31.

Meanwhile, the average tea price declined significantly towards the end of the last auction year. In the just-concluded 2019-20 auction year, the average price fell below Tk177 per kilogramme – which was Tk262.96 per kilogramme in 2018-19.

As two auctions were not held, nine lakh kilogrammes of tea remained unsold to various broker houses. However, the tea board decided to allow the broker houses to sell tea at their outlets – without auctions – until a new auction is held.

Sujit Bhattacharya, senior manager of Produce Brokers – a tea auction house, said the average price of tea at the end of the last auction year was Tk175-180 per kilogramme.

"However, it is not possible to say what the average price will be this year. We expect the average price of last year will continue in the new auction year."

According to the Bangladesh Tea Board, there are 167 tea gardens in Bangladesh. Of them, 22 tea gardens are in Chattogram district, one in Rangamati and one in Bandarban. The rest are in Sylhet, Srimangal and other districts.

Owners, after producing tea from the garden, send it to the tea board's registered brokers. The board then checks its quality and determines the prices and grades in lots. The grade and suggested price of the tea are determined in the catalogue prepared by the brokers.

The registered buyers go to the auction every week and participate in the bidding. In this case, the tea, sent by the garden owners, is sold at the auction at a price higher or lower than the price fixed in the catalogue.

In 2019, the highest tea production of the history of the industry in Bangladesh was 96.07 million kilogrammes. From January to March 2020, 1.83 million kilogrammes of tea were produced.

The average price of tea sold at the first auction of 2019-20 was around Tk250 per kilogramme.

Top News

Tea / Auction / Covid-19 crisis

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Bangladesh repays $3.5b debt in 10 months of FY25
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • Photo: UNB
    Depression forms over Bay, special weather bulletin asks to hoist cautionary signal 3

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Dhaka areas at a gridlock on Wednesday, 28 May 2025. Photo: Syed Zakir Hossain/TBS
    BNP, Jamaat rallies: Traffic clogs Dhaka roads, including Motijheel, Paltan, Dainik Bangla intersection
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'
  • Mohammad Abdul Mannan, chairman FSIB Ltd. Sketch: TBS
    FSIB to bounce back soon
  • Mohammad Mamdudur Rashid, managing director and CEO, UCB. Sketch: TBS
    Customers’ trust and confidence fueling deposit growth at UCB

Related News

  • Sixth sovereign Sukuk bond's auction held at central bank
  • Tea exports jump by 58% in 2024
  • Ctg customs puts 30 imported concrete mixers lorries up for auction 
  • Pipes and equipment worth hundreds of crores lie idle for six years, Ctg customs stuck over auction hurdles
  • Banks find no buyers for S Alam Group's auctioned properties to recover money

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

2d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

3d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

4d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

4d | Wheels

More Videos from TBS

Trying to organize free and fair elections: Dr. Yunus

Trying to organize free and fair elections: Dr. Yunus

1h | TBS Today
What approach is First Security Islami Bank taking to bounce back?

What approach is First Security Islami Bank taking to bounce back?

2h | TBS Programs
Trump's tariffs on various countries are illegal: US court

Trump's tariffs on various countries are illegal: US court

2h | TBS World
Politics should be done openly, not secretly, in every educational institution

Politics should be done openly, not secretly, in every educational institution

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net