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Fall in Tobacco Price - Govt making efforts to help growers

By TIOL News Service

 

NEW DELHI, AUG 02, 2015: THE Government has taken note of fall in price of unmanufactured FCV tobacco, particularly in Andhra Pradesh. As per the auction status in the state of Andhra Pradesh by 24/07/2015, a quantity of 76.48 million kg was marketed and the average price realized was Rs.106.28 per kg as against Rs. 119.57 per kg during the corresponding period of last year. The decline in price is Rs.13.29 per kg. i.e. 11%.

Surplus global production including in India, subdued demand of FCV tobacco in the domestic & international markets, release of good volumes of cheap tobacco into market by China, greater turnout of low and medium variety of Indian crop due to bad weather etc. are major causes for fall in price.

Price realisation to growers is a factor of market dynamics and international events including demand and supply. However, any fall in prices is likely to adversely impact the growers. The Ministry has adopted multi-pronged strategy to address the issue:-

i) The Ministry of Commerce & Industry has taken up with the Ministry of External Affairs requesting them to issue necessary instructions to certain Indian Embassies abroad to explore opportunities to export tobacco to those countries.

ii) The Tobacco Board / Government has conducted a series of meetings with all concerned stakeholders resulting in some buoyancy in price realisations & quantities marketed in auction platforms lately.

iii) Tobacco Board has led trade delegation to Egypt and China to promote export of tobacco from India.

iv) Based upon RBI’s circular dated 03.07.2015, a clarification has been issued to Tobacco Board to allow foreign buyers to participate in the auction process on cash & carry and retail basis in terms of the said circular.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.


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