Karnataka auctions drawing to a close

Tobacco farmers in the Indian state of Karnataka have so far this season sold more than 94 million kg of flue-cured for an average price Rs131.65 per kg, according to a story in the latest issue of the BBM Bommidala Group newsletter.

Farmers are thought to have harvested about 100 million kg of flue-cured and the Tobacco Board is hoping to complete the auctions by the end of this month.

Bright grades have fetched an average price of Rs163 per kg, up from Rs144 per kg last season.

Medium grades have this season sold for Rs145 per kg and low grades for Rs88 per kg.