B'desh tea board introduces minimum protection price
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Kolkata: Bangladesh Tea Board has introduced a minimum protection price to support struggling tea gardens. Though this has been a long-time demand of the Indian tea industry, the Tea Board here is yet to implement it.
A circular issued by Bangladesh Tea Board in May directed all auction centres to strictly follow the minimum protection price model.
Incidentally, the concept of sustainable price was first mooted by senior planter and former Indian Tea Association chairman C K Dhanuka.
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Many tea growers in Assam and north Bengal have been pushed into the red as prices in most cases fail to meet the cost of production. Dhanuka said though Tea Board of India was reluctant initially, it may now be willing to take a relook at his proposals.
CISTA president Bijoy Gopal Chakraborty said a minimum floor price has been a long-time demand of small tea growers in north Bengal, as leaves are now being sold at a price lower than the cost. Small tea growers contribute 65% of Bengal's production.
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