About 91 per cent of the offer at Sale No: 17 of the auctions of Coonoor Tea Trade Association was sold despite the average price rising to ₹ 100.77 a kg from the previous week’s ₹99.97 due to increased demand from upcountry buyers.
To protect domestic market, industry body SOPA on Monday demanded that the government curb illegal import of refined soybean oil and palmolein from Nepal at zero customs duty under a concession granted to least developed countries in the SAARC region.
The Tea Board of India is reviving the Tea Council to ensure that teas produced adhere to quality parameters as mandated by food safety standards authority FSSAI. This is keeping in mind the export markets as better-quality teas will command better prices.
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