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Auction

Sale of tea in an auction room on a stipulated date at a specific time. Tea auctions are held in India, Sri Lanka, Indonesia, Kenya and Malawi- these auctions only sell teas from their particular areas. The London Tea Auction, held every Monday morning (barring public or bank holidays) in the City of London is the only true international tea auction, where teas from all over the world are sold.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Beverages
  • Category: Tea
  • Company:
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  • Acronym-Abbreviation:
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