Comments
PS Sundar
In an unprecedented move, Tea Board has intervened in the weekly auctions of South India and ordered the postponement of the auctions of this week to Friday.
In a communication addressed to the Chairmen of the auction centres of Coonoor, Coimbatore and Kochi, Tea Board’s Joint Controller of Licensing based in Kochi KP Vijaya Kumar said, “I am directed to inform you that the Executive Director being the Licensing Authority has decided to postpone the Sale No: 43 to be held in three auction centres in South India viz: Kochi, Coimbatore and Coonoor to Oct 25, 2019”.
Teaserve’s auctions will not be affected.
No reason was given for this unprecedented move.
Producers expressed concern that when buyers have to operate in all the auction centres for both dust and leaf teas on the same day on the eve of Deepavali, sluggish demand might prevail thereby affecting adversely their overall realisation ahead of the festive season.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.