Moneycontrol PRO

business

Expect 15-20% higher tea prices in new season: McLeod Russel

Considering supply shortages, good demand and firm closing prices during the last season (higher by Rs 20-25 per kg), tea prices are expected to be strong in the upcoming auction, says Kamal Baheti, CFO of McLeod Russel in an interview to CNBC-TV18.

first published: Mar 22, 2016 12:55 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347