Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Auction held for Bumthang’s unsold Cordyceps

September 20, 2021
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Cordyceps collectors in Bumthang were finally able to sell most of their harvests after the agriculture ministry conducted an urgent auction recently. The ministry cancelled the regular auctions across the country since last year in the wake of the COVID-19 pandemic. Most low quality and smaller Cordyceps remained unsold without an auction.

People sold over 17 kilograms of Cordyceps from about 25 kilograms brought for auction. Some withdrew their lots, unsatisfied with the prices offered. However, generally, low quality Cordyceps which comprised most of the unsold harvests fetched fairly good prices compared to last year. The best quality Cordyceps fetched over Nu 1.2 M per kilogram while the lowest graded ones were sold at a little over Nu 100,000.

“Before the auction, when buyers visited my home, they offered me 1.2 million per kilogram but I didn’t sell hoping the price would shoot up. However, at the auction today the price offered is only about Nu 400,000 for the same Cordyceps. So, I withdrew from the auction,” said Nidup Wangmo from Chhoekhor Gewog.

“In auctions, luck matters. Sometimes, low quality Cordyceps are grouped with the better ones while some top class Cordyceps are graded very low; that’s when people withdraw their lots. I had to withdraw mine as well as the price offered was about Nu 170,000 which would usually fetch around Nu 400,000 per kilogram,” said another Cordyceps collector Ngawang Pelden from Chhoekhor.

After the ministry allowed direct buying and selling of the fungus, exporters mostly bought the top quality Cordyceps. In the direct buying and selling system, an exporter visits villages to buy Cordyceps. However, buyers are divided about the system.

“The auction system is better. For instance, in Bumthang due to the direct buying and selling arrangement, all the good quality Cordyceps were already sold months ago and now all that’s brought at this auction is poor quality ones,” said Tenzin, a Cordyceps buyer.

“In my opinion, the direct buying and selling scheme is better. In auctions, the grading causes a lot of confusion and people don’t get the expected price. Whereas, when we visit their homes, they have the luxury to decide whether or not to sell and we can also select the Cordyceps properly,” said Dophu, another Cordyceps buyer.

Meanwhile, the agricultural marketing and cooperatives department (DAMC) has no plans to conduct auctions in other districts as of now.

“Due to the risks of transmission of COVID, for other districts, we are sticking to the initial decision of not conducting auctions. We had to conduct in Bumthang as people requested us repeatedly. We can’t say anything yet about the other Cordyceps collecting districts,” said Tshering Penjor, Marketing Officer with DAMC.

Like any other businesses, the pandemic affected the Cordyceps trade as well. Cordyceps price slumped to a record low last year. In Bumthang, the number of people gathering Cordyceps have also decreased this year. For now, people are hoping for the pandemic to recede and the trade of the prized fungus return to normalcy.

Kipchu, Bumthang

Previous Post

Paddy fields left fallow due to shortage of irrigation water

Next Post

High-Quality United FC thrashed Druk Lhayul FC 5-1

Next Post

High-Quality United FC thrashed Druk Lhayul FC 5-1

A promising future for youngest national batswoman

Never ending east-west highway widening works

Please login to join discussion

RECOMMENDED NEWS

Community mapping workshop concludes

12 years ago
2
Lingzhi foresters to implement strict penalty on illegal cordycep collectors

Lingzhi foresters to implement strict penalty on illegal cordycep collectors

7 years ago
2

Dasho Tshering Wangchuk is Supreme Court’s new Chief Justice

11 years ago
9

Three make their HIV status public

11 years ago
2

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.