Present tea auction system not helping in optimum price discovery in North India: Producers

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"In the previous English auction system, division of lots were allowed. One lot is more than 30 packets. If these lots are divided, then the smaller buyers would be able to participate. But they are not able now in the present model. As a result, competition is less and hence price discovery is not to the optimum extent", the official said.

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

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