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Why automation at tea auction is not panacea for low prices

When tea prices tumbled in 2014, proponents of e-auction  in Mombasa rooted for electronic trading of the commodity, which had earlier been voted down by stakeholders.

They roped in the government and pressured the industry to implement the system without ascertaining its viability. It was suggested from some quarters that once digitalised, the auction may result in higher tea prices.

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Related Topics

tea auction