Mcleod Russel India Ltd. Share Price

US Tariff Relief: A Boost for Indian Spice & Tea Exporters

The US has rolled back tariffs on nearly 200 agri and processed-food items, giving much-needed relief to Indian exporters of spices, tea, coffee, cashew and speciality food products. These categories were hit earlier by steep duty hikes, hurting volumes and margins. What Changed Tariffs eased on Indian black pepper, cardamom, cumin, turmeric, cloves, speciality teas, coffee, mango-based items and nuts. Nearly $1 billion worth of India’s agri exports to the US fall under the relief list. Exporters expect better order flow ahead of the US festive season. Why It Matters Restores cost competitiveness vs ASEAN, Africa and Latin American suppliers. Supports premium/value-added categories like speciality teas and organic spices. Improves trade sentiment between India and the US. Gaps No relief for large categories like seafood/shrimp and basmati rice. Exporters say freight cost and compliance challenges still remain. Beneficiary Listed Stocks Spices & Processed Foods: Amit Spices, Vadilal Industries, LT Foods (RTE/packaged food benefit). Tea Players: Tata Consumer Products (Tetley US presence), McLeod Russel, Rossell India (premium tea exports). Cashew/Nuts: Smaller listed processors and export-oriented food companies may see margin relief. Bottom Line The tariff rollback is positive but selective. It strengthens India’s spice and tea export competitiveness and improves demand visibility, offering short-term sentiment support to related FMCG and plantation-focused listed companies.

As of 12 November 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators supporting this include a bullish MACD on both weekly and monthly time frames, bullish daily moving averages, and a bullish KST on both weekly and monthly charts. However, the monthly RSI is bearish, indicating some caution, and the Dow Theory shows a mildly bearish stance on the weekly chart. Overall, while there are mixed signals, the prevailing trend is bullish.

Indian Tea Export Revival Brews Gains for Tata Consumer, McLeod Russel & Others

Tea exporters and plantation companies stand to gain from rising demand in West Asian markets like Iraq and Iran. Tata Consumer Products, with its global tea portfolio under brands like Tata Tea and Tetley, could see improved export realizations and higher margins.

🫖 India’s Tea Industry Is Boiling Over

Imagine dawn in Assam or West Bengal’s tea gardens: workers pluck leaf after leaf under a hot sun, but every kilo grown costs more than before. In 2025, a 25% year-on-year recovery in output only looks good compared to 2024’s disaster—Assam and West Bengal both remain below their 2023 numbers, and Darjeeling is at an 18% deficit over two years. Temperatures rose, rainfall fell, and garden pests flourished, leading to a shortfall of 109 million kg of leaf in 2024 and continued stress this year. Meanwhile, auction prices slid as global buyers and importers turned to cheaper teas. New imported teas have flooded the Indian market, further hurting domestic price realization—even as state governments, under pressure from unions, raised daily wages (now around ₹232/day for Assam’s Brahmaputra Valley and ₹204-250/day following new hikes). For legacy planters, higher costs meet falling prices—a recipe for closures or financial strain. Major listed tea stocks and market players: Tata Consumer Products