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Tobacco prices at Karnataka auctions have appreciated marginally by Rs 3 to 4 a kg. Price of Bright grade has been steady between Rs 115 and Rs 118 a kg.
According to K N Vishakantaiah, Regional Manager, Tobacco Board, Karnataka, “Tobacco prices have been consistent for the last two months. Since the quality of the crop is good, price realisation for farmers has been better this year and more than expected.”
At the end of 91 days of auctions, the Tobacco Board has marketed 65 per cent of the Karnataka crop at about 65.52 million kg (6.20 lakh bales) of FCV tobacco variety in the State with an average price realisation of Rs 97.73 a kg.
Of the total quantity marketed, 23.34 per cent was Bright grades and was traded at an average price of Rs 118.97 a kg. Medium grades comprised of 55.55 per cent and traded at an average price of Rs 102.11 a kg and Low grades comprised the rest, traded at an average price of Rs 62.72 a kg.
Auction Prices
Following are platform-wise auction details as on January 10: Ramanathpura-II total quantity marketed 53.10 lakh kg (average price Rs 93.10 a kg), Kampalapura-II 51.74 lakh kg (Rs 105.14), Hunsur-I 40.29 lakh kg (Rs 97.45), Periyapatna-I 84.54 lakh kg (Rs 100.04), Periyapatna-III 70.81 lakh kg (Rs 100.55), Hunsur-III 45.12 lakh kg (Rs 102.48), Ramanathpura-I 60.99 lakh kg (Rs 91.50), H.D.Kote 62.01 lakh kg (Rs 97.32), Hunsur-II 53.54 lakh kg (Rs 93.80), Periyapatna-II 67.30 lakh kg (Rs 99.60), and Kampalapura-I 60.44 lakh kg (Rs 99.84).
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