Karnataka flue-cured prices increased

Tobacco growers in the Indian state of Karnataka sold more than 44.74 million kg of flue-cured at an average price of INR140.46 during the first 62 days of the 2013–2014 selling season, according to a story in the latest issue of the BBM Bommidala Group newsletter quoting figures from the Tobacco Board of India.

Average leaf prices this season have been running about INR18.90 per kg ahead of those of last season, while prices for bright grades, which are generally preferred by the major tobacco companies, have been selling at INR165 per kg, INR24 per kg higher.

The prices of medium-quality tobacco have averaged INR147.86 per kg this season, up by INR19.38 per kg on those of last season.

Karnataka is thought to have produced about 100 million kg of flue-cured this year; an amount that could be sold by the end of January.

The board is reportedly contemplating speeding up flue-cured auctions in Karnataka, which usually finish in February.