India: Tobacco Prices Top Rs 150/kg in Karnataka Sale

Source from:  Business Line  09/04/2013

Karnataka's Flue Cured Virginia tobacco prices touched Rs 150.20 a kg, a record high, on the first day of tobacco auctions on Tuesday.

The price is 7.28 per cent higher than last year (Rs 140).

On the first day of auction, some eight companies participated in the auctions held on 11 platforms.

At the end of second day (September 2), 288 bales (32,051.7 kg) were marketed.

According to the trade estimate, Karnataka is likely to harvest about 120 mkg this crop year (2013-14) compared with 94 mkg marketed during

the previous crop year (2012-13). According to a Tobacco Board official, 315 bales were offered for sale of on the first day and 314 bales got

sold at an average price of Rs 145." Enditem