Rossell India, Goodricke Group, McLeod Russel India, Warren Tea, Jay Shree Tea Industries, Harrisons Malayalam and Tata Coffee among few were trading higher by more than 4% on the BSE. On comparison, the S&P BSE Sensex was up 0.52% at 33,535 at 01:13 PM.
Tea production in Assam, which accounts for over 50% of the annual production in the country, fell by 27% to 81.75 million kg (mkg) in September because of unseasonal torrential rain. While, the production in West Bengal’s Dooars region was dipped by 19% to 43 mkg in the same month.
A production shortfall in north India will result in a supply shortfall, and hence prices are expected to improve.
According to McLeod Russel, the world’s largest tea producer, prices in India have increased by Rs 5 a kg due to increased demand from both in domestic and export markets and lower production, the Business Standard report suggested. CLICK HERE TO READ FULL REPORT.
COMPANY | LATEST | PREV CLOSE | GAIN(%) |
ROSSELL INDIA | 126.25 | 110.60 | 14.2 |
TERAI TEA CO | 64.20 | 57.55 | 11.6 |
MCLEOD RUSSEL | 185.70 | 172.35 | 7.8 |
GOODRICKE GROUP | 412.80 | 385.00 | 7.2 |
B & A | 282.90 | 264.15 | 7.1 |
WARREN TEA | 125.75 | 118.05 | 6.5 |
JAY SHREE TEA | 110.15 | 103.80 | 6.1 |
KANCO TEA | 80.00 | 76.00 | 5.3 |
HARRI. MALAYALAM | 92.00 | 87.50 | 5.1 |
JOONKTOLLE TEA | 153.30 | 146.00 | 5.0 |
DIANA TEA | 23.30 | 22.20 | 5.0 |
TATA COFFEE | 160.45 | 153.65 | 4.4 |
DHUNSERI TEA | 285.00 | 275.35 | 3.5 |
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