Tea companies are in focus as plantations in Assam are facing a production dip because of excessive rain in the area. This is expected to lead to shortage in stock and consequently an increase in prices.
CNBC-TV18 spoke to DP Maheshwari, MD & CEO of Jayshree Tea and Industries to assess the situation on ground. He said that India's 50 percent of tea production comes from Assam.
Loss of production to lead to a price hike of Rs 10-15/kg in tea prices.
For entire interview, watch accompanying video.
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