Karnataka prices up on those of last year

Tobacco growers in the Indian state of Karnataka had sold about 25 million kg of leaf at an average price of Rs121.92 a kg by the end of the first 45 days of auctions, according to a story in the latest issue of the BBM Bommidala Group newsletter quoting figures from the Tobacco Board of India.

Bright grades, which are generally preferred by the major tobacco manufacturers, were trading at Rs138.71 per kg, as against Rs118.00 per kg last year.

So far, the season’s highest bid was Rs148.40 per kg.