India Targets Increased on Back of Export Optimism

Source from:  Tobacco Reporter 09/03/2012

The Tobacco Board of India has said that it has raised the flue-cured crop targets for Andhra Pradesh and Karnataka because it is expecting a 10 per cent increase in leaf exports, according to a Business Standard story relayed by the TMA. The Andhra target for 2012-13 has been set at 170 million kg, up from 162 million kg for the 2011-2012 season; while the Karnataka target has gone from 98 million kg to 100 million kg. Exports declined by three per cent in 2010-2011, year on year, and by five per cent in 2011-12. And exports during the first quarter to the end of June 2012, at 60,121 million kg, were down five per cent on those of the first quarter to the end of June 2011. However, the board chairman, G Kamala Vardhana Rao, expects exports to pick up. Enditem