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Minister reviews AP Auctions for Sale of FCV Tobacco

By TIOL News Service

NEW DELHI, NOV 25, 2015: MINISTER of State for Commerce & Industry Nirmala Sitharaman reviewed the recently concluded 2015 AP auctions for sale of FCV tobacco. It was noted that a quantity of 190.05 million kg was sold as against of a target of 172 million kg and an estimated production of 193.27 million kg. The average price realised this season was Rs.93.07 per kg.

2014-15 AP auctions were prolonged upto November 2015 because of difficult market conditions on account of subdued demand for tobacco and because of production of more of low grade tobacco due to abnormal weather conditions and outbreak of tobacco root parasite “Orabanche”. The farmers faced many difficulties in the form of low prices for their produce and liquidity problems. With the timely intervention of Ms. Nirmala Sitharaman, Minister of State for Commerce & Industry (IC) in July 2015 the trade agreed to procure entire authorised tobacco at a mutually agreed price ranges. This mutual consensus worked out well for marketing of entire NLS region tobacco and bright grade tobacco in traditional soils. But trade could not honour the agreed prices in case of medium and low grades. In order to provide relief to growers in sale of low grade tobacco Smt. Nirmala Sitharaman, once again intervened in the market and after discussion with Hon'ble Chief Minister of Andhra Pradesh, announced a compensation package providing for payment of Rs.20/- per kg for the identified low grades which were being rejected at Rs.40/-. Accordingly, the compensation was paid for the identified low grade tobaccos i.e. Dark Greens and BX2 tobacco covering F9, NDG, F10 and NOG grades auctioned between 19/09/2015 to 02/11/2015 with the contribution from the Central Government and State Government of Andhra Pradesh @ Rs.15/- per kg and Rs.5/- per kg respectively.

The Minister was also briefed about the compensation paid to the growers. A total of 27,950 growers were benefited out of 45,923 growers of AP and an amount of Rs.22.40 crore consisting of Rs.16.80 crore from Central Govt. and Rs.5.60 crore from AP State was paid towards compensation covering 11.23 million kg of low grade tobacco.

With all the efforts of Central Government and State Government, Board could liquidate the entire tobacco of 190.05 million kg produced by the farmers in AP during 2014-15 crop season.


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