Scope of the futures market in tea was discussed at a high-level meeting held at the Tea Board office in Kolkata on Wednesday. Basudeb Banerjee, Chairman of Tea Board; the Deputy Chairman, Roshni Sen; and member of the Forward Markets Commission, Rajeev Agarwal, were present.

Representatives of the National Commodity & Derivatives Exchange, Multi Commodity Exchange of India Ltd, Indian Tea Association, Tea Association of India, Calcutta Tea Traders Association and Indian Merchant Tea Exporters’ Federation also attended the meeting.

The Tea Board Chairman felt that the commissioning of e-auction in tea would expedite the process of futures trading in tea. The e-auction, he said, would be launched within this year.

Posted: 03|13|08 at 10:11 am. Filed under: Auction News.