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Market move▲ Bullish for Indian equities
CIS buyers drive up orthodox tea prices in Kochi auctions
The brief
- CIS buyers drove up orthodox tea prices in Kochi auctions
- Some traders attributed the rise to low offerings
- Higher tea prices may benefit Indian tea producers, including listed growers
- Import duty cut on sunflower oil has a significant Russian backdrop
- Demand estimate of fertilizer for Rabi 2026-27 may be 2 LT higher
- Major impact on kharif crops seen from monsoon deficit, uneven rainfall
- India cuts edible-oil import duties ahead of festivals
- India's urea self-reliance push draws 17 proposals worth ₹2 trillion