INDIA
The decision to include India’s famous Darjeeling tea in the nation’s e-auction system is under intense scrutiny as buyers struggle to reach financial settlement requirements.
In October the India Tea Association (ITA) complained that the Bank of India and India Tea Board have failed to resolve software impediments that first came to light in May.
“The facilitators of the e-auction system have failed to interact in-depth with the auction organizers and grasp the requirements of the associated stake holders namely sellers, buyers, auctioneers and warehouses operating in the auction system,” the association said in a statement.