Stimulus pkg won't help large coffee cos: Tata Coffee

The Commerce Minister Anand Sharma, in his statement, said there was a strong relief package for coffee growers in the offing thus helping the sector tide over its crisis. The coffee industry has made proposals worth Rs 550 crore. Commenting on the issue MH Ashraff, MD, Tata Coffee said the package would come as no relief to his company as this would only help small corporates. However, he said that Tata Coffee margins were not affected by the downfall in crop, in fact he sees an improvement in margins in the second half of the financial year.