Agri Business

Tea Board fixes Rs 13/kg as floor price for green leaf

P. S. Sundar Coonoor | Updated on January 17, 2014

The Tea Board has advised factories in Nilgiris to pay green leaf suppliers for the month of January, the highest of the minimum price of Rs 13 a kg or the price arrived at as per the Board’s price sharing formula (PSF).

“As per the directives of Madras High Court and GO NO: 68 of Tamil Nadu Government, the Tea Board is implementing reasonable price formula to be paid by factories for the green leaf purchased from growers.

As a sequel to this, the board has fixed Rs 13 a kg for this month.

“This is based on the recommendation of District Price Monitoring Committee chaired by Nilgiris Collector. The actual price to be paid is the highest of the PSF or the minimum price,” Tea Board Executive Director R. Ambalavanan said.

Published on January 17, 2014

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