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e-sale of tea waste, packaged tea

Dec 29, 2011 2:05:24 PM - www.ft.lk

Enthused by the response of cumulative sale of tea through e-auction route across the six auction centres in the country, the Tea Board of India plans to roll out e-auctions for tea waste, bulk tea and package tea in the near future.

The cumulative sale of tea across the six tea auction centres in the country crossed a record one billion kg on December 22, according to a press statement by Tea Board.
Introduced in April 2009, e-auctions ensure fair price discovery and has innovative features such as multiple lot bidding, auto bids and support for division of lots among others.