tea

Wed
30
Apr
Dennis Faas's picture

Selling Tea in India the Electronic Way

Indian auction centers have been peddling tea the old fashioned way since 1861, selling it in crowded halls filled with traders and auctioneers. A good auctioneer can usually sell up to three lots in one minute, making tea trading a quick, but ... time-consuming process. But low tea prices, high government sanctions, and evolving times have led to online trading becoming an acceptable medium in India. The high-tech shift is much more economy-driven than it is fashionable. Electronic trading promises fairer prices and lower transaction costs for farmers. (Source: nytimes.com ) The advantage of ... (view more)

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