Technical glitches disrupt tea auctions in the country

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Producers are fretting about the decline in prices that could be accelerated due to the disruption in auction sales. For instance, the average prices of teas in Assam’s Guwahati tea auction centre have fallen by 18 per cent between April to July this year as compared to the same period last year.

from Agriculture-Economy-News-Economic Times https://ift.tt/3krr8qT

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NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 trade associations

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The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty of Rs 38.05 crore imposed by the Competition Commission of India (CCI) on 18 sugar mills and two trade associations. The penalty was related to bid rigging in a joint tender for ethanol procurement. The NCLAT ruled that the CCI's order was illegal and did not comply with the principles of natural justice. from Agriculture-Economy-News-Economic Times https://ift.tt/UwRa5Jc
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