Tuesday, September 18, 2007

Cardamom Traders Decide To Protest E-Auctions

Kochi: The cardamom traders in Bodinayakannur, the main trading centre of the commodity, on Sept 17, decided to protest e-auction from Sept 17. The traders said the decision to boycott, taken at their meeting attended by 50 members, was to protest the introduction of the new system without giving them enough chance to acquaint themselves with the e-auction system. The Spices Board unveiled the new system in Bodinayakannur late last month and since then the auctions of Cardamom Planters Association (CPA) and STCL Ltd have been held under the electronic system developed by the TCS Ltd.

The traders told from Bodinayakannur that the time taken for each lot was 2 to 3 minutes in the e-auction, where as it took only 10 to 20 seconds in the conventional outcry system. Planters had already registered cardamom with the CPA for the Sept 17, e-auction. Now they might have to shift the commodity to other auction centres either at Nedumkandam or Kumily in Kerala. The Board is understood to be contemplating an option to establish a general e-auction centre in Kerala's Idukki district for those conducting conventional auctions at present and do not want to set up the facility at their respective centres.

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