Half Year Results 

Camellia flags Kenyan pricing pressures

Camellia flags Kenyan pricing pressures

Benign weather conditions can be a blessing and a curse for food producers. For Camellia (CAM), better weather in Kenya, coupled with the opening of the expanded Jogopur Bought Leaf factory in India, helped boost group tea production by 7 per cent during the first half. However, the abundance of tea produced during the period has also resulted in significant downward pressure on Kenyan tea auction prices since the end of June. Given most trading from the core agriculture business happens during the second half, that could dampen progress made at the start of the year.

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