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McLeod Russel sees steady tea output in FY12

04 Apr 2011 Evaluate

McLeod Russel India Ltd, the world's largest tea producer sees its output in India to remain steady and prices bouyant this fiscal, on the back of robust local and overseas demand. Production in FY12 is seen at 80 million kg, much the same as expected last year, which saw a pest attack that trimmed output for some part of the year. Total output including that of Rwanda, Uganda, India and Vietnam is expected to hit around about 104 million kg this year.

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