Expect Tea Prices to Increase by 10% in FY16: McLeod Russel
Kamal Baheti, CFO at McLeod Russel, talks to NDTV about the outlook for FY16. He says the drought in Kenya is likely to impact prices and export revenues are expected to go up. The company is looking to export 20-21 million kgs in FY16. He also says the dry weather may lead to a 10 per cent increase in prices in the domestic market.
