close

Major tea companies clock lower profits as prices fall, costs rise

A report by Icra said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year

Tea
Premium

A report by ICRA said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year. Average prices at north Indian auction centres during H1FY22, were down by Rs 60 a kg (23 per cent)

Kolkata
Major tea companies clocked in lower profits in Q2FY22 compared to the year-ago period as they faced the twin challenges of a sharp drop in tea prices from last year’s

Also Read

Champagne of teas loses fizz amid scanty rainfall, last year's lockdown

Tea companies may post better returns than 2019 despite drop in prices

Tea industry faces crop loss for second year in a row on poor rainfall

Icra downgrades growth peg of various auto segments due to second wave

Decoded: What are upper and lower circuits in stock markets?

Govt scraps basic customs duty, cuts cess on crude palm, soy, sunflower oil

Edible oil may get cheaper temporarily as Centre imposes stock holding caps

Poor monsoon likely to hurt India oilseed, cotton output, says NCML

ISMA urges PMO to immediately increase minimum sale price of Sugar

Centre says curbs imposed on pulses as prices still higher than last year

First Published: Nov 19 2021 | 1:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com