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TEA AUCTION SYSTEM
Premium Assam CTC tea fetches record Rs 800/kg at Guwahati Auction CentreGuwahati Tea Auction Centre witnessed strong demand, with Deckiajuli Tea Estate setting a new record at Rs 800 per kg for its BOPSM grade. ...- Present tea auction system not helping in optimum price discovery in North India: Producers"In the previous English auction system, division of lots were allowed. One lot is more than 30 packets. If these lots are divided, then th...
- India's tea auction system under severe stress as buyers purchase teas privatelyIndia's tea auction system is under strain as teas are increasingly being purchased privately. Buyers, both domestic and international, pre...
- CCPA expresses grave concern over disruption in the auction system"Some of their complaints include Buyers / Auctioneers getting logged out without any notice, Auction Schedules getting totally disrupted, ...
- E-auction: Tea Board all set to issue fresh tenders for inviting banksA senior official of Tea Board said "Tea Board has prepared a draft tender for inviting banks which was discussed among all the stakeholder...
- Post-settlement system for tea auction suspendedAlthough the pan-India auction was introduced in July, the post-settlement system with Bank of India as the settlement bank started operati...
- Tea auction throughout the whole country has gone under dead lockThe reaction recorded came as a protest against few clauses in the new Pan Country Tea Auction system introduced by Indian Tea Board(ITB).
- Now, buy darjeeling tea at e-auction sitting at homeAll other varieties of tea such as CTC, dust and orthodox are now traded through the e-auction platform. There are seven registered e-aucti...
- Tea producers suffer Rs 70 crore loss due to e-auction failureTea producers who offer teas at the Kalcutta auctions are in a fix. A link failure at the e-auction has resulted in teas worth Rs 70 crore ...
- Increased demand pushing tea prices up, says J. ThomasJ. Thomas & Co, the largest tea auctioneer in the world, has just completed 150 years of business. The firm has quietly moved to the e-auct...
- Kolkata tea auctions to go online from May 19Electronic auction of tea at Kolkata auctions is expected to kick off from May 19. To begin with, only dust variety of tea will be routed t...
- Electronic auction of tea to kick off in KolkataElectronic auction of tea at Kolkata auctions is expected to kick off from May 19.
- Outcry goes out of fashion as tea auction goes onlineThe Tea Board on Wednesday kicked off e-auction, paving the way for putting an end to the age-old ‘outcry system’ in tea auction which star...
- Online tea auction from Nov likelyAuctioning of tea in the country will go online by November this year with the software and system testing for the project to be conducted ...
- Tea Board joins hands with NSE arm to kick off e-auctioning by year-endElectronic auctioning of tea is finally set to take off. Tea Board of India on Thursday inked an agreement with NSE.IT, a subsidiary of Nat...
- Tea Board shortlists 5 players for online auction platformThe Tea Board has shortlisted technical bids of Metaljunction, NCDX, NSE.IT, CMC and Agri-Global for implementing the e-auction system acro...
- Tea traders to take to e-auctionThe traditional open outcry system of buying and selling tea at auction centres may soon become pass.
- E-auction in tea is just a sip awayThe traditional open outcry system of buying and selling tea at auction centres may soon become passe.
- E-trading for packaged tea soonThe government has initiated steps to enable the packaged tea industry, especially premium varieties like Darjeeling and Assam tea, to oper...
- Single tea auction system in line with NSE on cardsThe Centre is mulling a single national tea auction platform on the lines of the National Stock Exchange (NSE). “We are looking at migratin...
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