Jain Irrigation’s shares jumped nearly 6% after the company announced the launch of seven high-yielding tissue-cultured varieties of Robusta and Arabica coffee. These innovative varieties, developed over a decade, have been licensed by the Coffee Board of India for commercial production and sale, addressing key challenges in the Indian coffee sector such as aging plantations and the scarcity of quality planting material.
Tissue-cultured coffee plants provide advantages like being disease-free, genetically uniform, and high-yielding, which could significantly impact the coffee industry. Ajit Jain, Managing Director of Jain Irrigation, expressed pride in introducing these elite coffee plants, which are expected to bring prosperity to Indian coffee farmers and enhance the global reputation of Indian coffee.
The Coffee Board of India has signed an MoU with Jain Irrigation, allowing the company to multiply and sell these new coffee plants to growers while paying a royalty to the Board. These tissue-cultured plants are designed for high yield, superior cup quality, and balanced canopy architecture, performing best with Jain Precision Farming Packages. This initiative is part of Jain Irrigation’s ongoing commitment to serving farmers and improving the agricultural landscape.
As of 9:30 am, Jain Irrigation shares were trading 5.81% higher at ₹70.53 on NSE.
