चाय-कंपनियों के शेयरों में आज 10% से ज्यादा की तेजी: बॉम्बे बर्मा का शेयर 18% चढ़ा, बाढ़-हीटवेव्स की वजह से चाय की कीमतें बढ़ने से शेयर्स चढ़े

Shares of tea producer companies are witnessing a rise on Tuesday (July 9). During trading today, shares of major tea companies like Bombay Burmah Trading Corporation Limited, McLeod Russel, Jayshree Tea & Industries and Rossel India are seeing a rise of more than 10%.

Actually, Assam and other tea producing areas have been affected by floods and heat waves during the harvesting season, due to which production has decreased. This is the reason why tea prices and shares of all tea producing companies have increased.

This can provide relief to the troubled Indian tea industry. Tea producers have been struggling with rising production costs and marginal increase in tea prices for the last 10 years.

Production is decreasing due to the ongoing floods in Assam
Senior tea planter and former chairman of the Indian Tea Board Prabhat Bezboruah said, “Extreme weather events are hurting tea production. The extreme heat in May and the subsequent floods in Assam have led to a decline in production. The ban on 20 pesticides by the central government has also affected production.”

Bombay Burmah shares rise 18% to Rs 2,372
Bombay Burmah Trading Corporation’s stock is trading at Rs 2,372.50 with a gain of more than 18%. McLeod Russel’s stock is trading at Rs 32.24 with a gain of 10% and Rossel India’s stock is also trading at Rs 632 with a gain of 10%.

Jayshree Tea shares up 9.53% at Rs 124.43
On the other hand, the stock of Jayshree Tea & Industries is trading at Rs 124.43 with a gain of 9.53%. Jayshree is the third largest tea producer company in the world. Apart from this, the stocks of B&A Limited, James Warren, Canco Tea and Tyroon Tea Company are also witnessing a rise.

India’s tea production fell by more than 30% in May
India’s tea output in May fell more than 30% from a year earlier to 909.2 million kg (90.9 million kg), the lowest for the month in more than a decade, due to extreme heat and scanty rainfall.

More than 20 lakh people affected by floods in Assam
More than half of the country’s tea production takes place in the northeastern state of Assam. More than 20 lakh people were affected by the devastating river floods in Assam in July.

Production decreased in April due to heat
Kalyan Sundaram, secretary of the Kolkata Tea Traders Association, said tea prices have started to rise after production declined due to the scorching heat despite good demand in April.

Tea prices rise to Rs 217.53 per kg
According to Tea Board data, average tea prices rose to Rs 217.53 per kg in the last week of June, up nearly 20% compared to a year ago.

Floods in July reduced tea harvesting in many districts of Assam
A tea planter from Jorhat said that due to good rains, tea production improved in June, but due to floods again in July, tea harvesting has reduced in many districts of Assam.

Production may fall by 10 crore kilograms in 2024
Bezboruah said India produced a record 1.39 billion kg of tea in 2023, but production could fall by about 100 million kg in 2024.

Decrease in production should lead to increase in prices
A Kolkata-based trader said prices should rise due to the decrease in production. However, financially weak and debt-ridden producers are finding it difficult to negotiate with buyers during the peak production months.