Tea prices to rise, margins to improve: Jay Shree Tea
A shortfall in production will keep tea prices high and could even mean further upward movement in prices, according to DP Maheshwari, MD of Jay Shree Tea. While production has seen a marginal pick up in the first two weeks of November, a significant shortfall is seen for the full year, he says, adding that this will mean better margins for the company in the quarters ahead.
