Tobacco growers jittery as price dips - News Summed Up

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Tobacco growers jittery as price dips


2015 scenarioFarmers fear revisiting of the trend of suicide witnessed in 2015, forcing the then Union Commerce Minister, Nirmala Sitharaman, to visit the district and announce a bonus price for the low-grade tobacco to provide some relief to the growers. “While the bright grade tobacco has attracted buyers at a price of ₹155 per kg, there are no takers for “browns,” pale, and irrigated tobacco. There has been a fall of at least ₹5 to ₹7 per kg for various grades of tobacco,” he adds. While the bright grade has attracted buyers at ₹155 per kg in the State, the medium grade has fetched ₹140.29. Low grades have an average price of ₹100 per kg after 47 days of trading, according to the board sources.


Source: The Hindu May 09, 2018 18:45 UTC



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