After tea plantation, coffee is turning out to be a major pain for the Tatas. London coffee prices for Robusta also dipped through the year opening at $2,150 a tonne to $1780 a tonne. Tata Coffee is the leading player in the B2B business segment with presence in plantations. Tata Global Beverages has a 57.48% stake in Tata Coffee and would get impacted. Tata Global has been finding it difficult to sustain its tea plantation businesses and has been even trying to sell them off.
Source: dna May 14, 2018 00:00 UTC