A pan India e-auction of tea scheduled from June 21 has been deferred by two days, according to the Tea Board. The move would include Darjeeling teas, according to the Board, which monitors the initiative of digitising tea-sales. Currently around 534 million kg of teas are sold through the e-auction system run by the Tea Board at the seven registered auction centres in India.
As per the Tea Marketing Control Order, 50 per cent of a company’s annual tea crop (with some exemptions) is to be sold through auctions. The new system allows participation of a member of any auction centre to bid for teas anywhere, through a single registration.
