Kochi tea trade association to reopen warehouses from March 30

Tea Trade Affiliation of Cochin (TTAC) is planning to reopen warehouses from Monday (March thirty)

The association has, in a interaction to its users, cited a round dated March 26, issued by the Ministry of Residence Affairs, which presumably reads “all warehouses are to continue being open to guarantee availability of vital items.”

More stating that the Ministry of Food Processing Industries had also vide a round said that “tea has been involved in the record of vital goods”, the association has substantiated its stand for reopening the warehouses.

It has, having said that, clarified that the warehouses would be open concerning 10 am and 3 pm from March thirty, until eventually further observe.

“There will be no demurrage fees for the teas stored throughout the lockdown time period,” the TTAC release said.

But the trade associations in Coonoor and Coimbatore seem to have no this sort of ideas.

The auctions have been halted, there are no arrivals, buyers’ and brokers’ places of work are shut and the full sector has appear to a standstill manner, an sector resource said.

It is learnt that the tea shares in the warehouses in Coimbatore could be of the buy of seven to eight lakh kilograms.