A plague of low flue-cured prices afflicting growers

Lower farm prices are plaguing flue-cured tobacco growers around the world, according to a story in the most recent issue of the India-based BBM Bommidala Group newsletter.

The story reported that prices had fallen by 14 percent in Brazil, 10 percent in Zimbabwe, eight percent in the US and four percent in Tanzania.

And in the Indian state of Karnataka, with flue-cured auctions nearly finished, the average price was said to be down by more than 16 percent on that of the 2013-14 sales season.

With about 100.12 million kg of an estimated 103.50 million kg Karnataka crop having been sold, the average price stood atRs108.68 per kg, down from Rs129.92 per kg during the 2013-14 season.

The highest bid for Karnataka flue-cured this season was Rs169 per kg.

The generally lower flue-cured prices were put down to oversupply.