Tea companies brew profit amid climate change woes
Business Standard|November 21, 2024
Tea companies recorded a profit boost in the September quarter, reflecting higher prices as lower production is blamed on the impact of climate change.
ISHITA AYAN DUTI;
Tea companies brew profit amid climate change woes

A dry spell followed by erratic rainfall led to a production loss of 76.73 million kg (mkg) compared to the same period last year. North India, which makes for more than 82. (Fo per cent of total production, suffered a loss of 63 mkg to * result in higher bulk tea prices. ™ Data from the Tea Board of Goi India showed that the average E auction price for North India * team up to September 2024-25 ™ was ₹247.33 per kg, a 2398 per cent increase over the same Jal-n period last year.

The average price for South India was ₹126.22 per kg, a 16.19 per cent increase. The average national price, of ₹215.34 per kg, was-up 22.01 per cent.

Sumit Jhunjhunwala, assistant vice-president at ICRA, noted that July-September is a period for quality tea production and hence a better quarter for the industry.

هذه القصة مأخوذة من طبعة November 21, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 21, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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