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A mock system has been developed with trial runs going through the teething arrange before a possible implementation as early as next year said Dickie Juriansz. head of Imperial Tea Exports (Pvt) Ltd.
“The whole communicate ordain cost us around a million dollars. The systems are still being tested brokers are being educated and trained how to use computerised bidding as against the current system of shouting out bids at the sell,” said Juriansz who is also a key member of the main trade body the Ceylon Tea Traders Association.
The current open-outcry or method of shouting out bids has been used as a platform to sell tea in the country for over a century and over 90 percent of commodity is currently channelled through the auctions.
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