April-November Tobacco Exports Up 10%

Source from:  PTI 01/08/2010

NEW DELHI: India's tobacco exports soared 10 per cent to 1,76,438 tonnes till November this fiscal buoyed by overseas demand amid stable prices here, the Tobacco Board said. The country, which is the third largest tobacco exporter in the world, had sold 1,60,511 tonnes in the global market in the year-ago period, it said. "The export was upbeat as there was constant demand from the European Union (EU) and other countries. The steady price trend also helped importers to place more orders towards 2009-end," a senior Board official said. As a result, tobacco exports in November 2009 rose to 15,915 tonnes from 13,014 tonnes in the same period previous year, he said. Of the total exports during April-November period in 2009-0, raw tobacco stood at 1,57,550 tonnes, while manufactured products like bidi and cigarettes were at about 18,888 tonnes, according to the Board data. The country realised Rs 2,998 crore from tobacco exports during April-November period, compared with Rs 2,213.38 crore in the same period last year. Raw tobacco contributed Rs 2,520 crore, while manufactured products about Rs 478 crore. A maximum of over 80,000 tonnes of tobacco were shipped to the EU, 2,079 tonnes to Belgium and 12,819 tonnes to Russia in the review period, the Board added. Enditem