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Tea Board has decided to force bought leaf factories to sell at least 70 per cent of their production through public auction.
“A decision to this effect was taken at the Board meeting held at Valparai on Tuesday. This is a welcome move as it will help the correct price recovery for small growers who supply their green leaf as raw material to the factories. Some factories sell their teas in private but the growers are unable to discover the actual realisation”, Tea Board Vice-Chairman Koshy Baby told Business Line .
“The Board is working on implementing the order of the Madras High Court for fixing the price for the green leaf. It had engaged Indian Institute of Plantation Management to study the methodology. Based on this, it has been decided to share prices in the ratio of 65 per cent for growers and 35 per cent for factories. For this, price transparency is essential and the insistence of compulsory auctioning helps,” Tea Board member S. Ramu said.
“Tea Board Chairman will convene a separate meeting with the Board members from the South to discuss specific matters relating to the region. This is based on our submission and we expect it to happen within a month,” Koshy Baby added.
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