Tea growers want freedom from auctions

tea growers want freedom from auctions

Sumary of Tea growers want freedom from auctions:

  • However, Tea Board Chairman, PK Bezboruah, at a recent biennial general meeting of the Tea Association of India, expressed apprehensions regarding the efficacy of this given that buyers are not required to abide by the same mandate.
  • Price factors According to a senior official in a tea manufacturing company, packateers and other buyers, who participate in the auctions, prefer to buy medium quality teas and lower grades from the auction and purchase premium and better teas through private sales.
  • According to him, there is no auction in coffee, rubber, etc and prices are scientifically arrived at by the market forces independent of any rules that govern them.

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