Kamal Kishore Baheti, entire-time director at McLeod Russel India told NDTV income that tea costs are actually Rs five-Rs 7 better in keeping with kg compared to ultimate yr. (Watch)
“compared to what the charges had been for the outlet season, that’s March and April, may additionallyexpenses have simply gone up…the trend is on the higher aspect,” he delivered.
Mr Baheti expects tea costs to company up in addition inside the coming months.
“As we get into the peak season (July-October), wherein we produce 60 in step with cent of our overallmanufacturing, the charges will remain strong, can be Rs 10-Rs 15 better as compared to the similarduration final year,” Mr Baheti introduced.
He in addition said that stock position is currently low due to scarcity of manufacturing last yr, whichis likewise assisting expenses.
Assam Co closed 8.7 in line with cent better, even as Harrisons Malayam ended three.15 in step with centhigher. McLeod Russel shares closed zero.78 according to cent up.
In assessment, the wider Nifty ended zero.84 in keeping with cent decrease.
story first posted on: June 09, 2016 13:34 (IST)
Tags: Tea stocks, Assam Co, Harrisons Malayam, Jayshree Tea and Industries, McLeod Russel, Tea chargein India
