Tobacco auctions in Karnataka have ended with the board selling 127.45 million kg, 30 per cent more than the authorised crop size of 97.95 million kg.

In 2010-11, farmers received 15.89 per cent lower realisation at Rs 92.52 a kg against Rs 110 a kg in 2009-10.

According to senior tobacco board officials, realisations for farmers have dropped this year due to excess production and prolonged auction days.

“There was strong demand from foreign buyers this year. About 40 overseas companies took part in the Karnataka auctions against 20-25 last year,” he added.

At the end of the 180 days of auction (May 16), about 127.45 million kg (1.28 lakh bales) of FCV tobacco variety have been marketed in Karnataka atan average price of Rs 92.52 a kg.

Of the quantity marketed, bright grades comprised 24 million kg and were traded at an average price of Rs 120.38 a kg. Medium grades comprised 60 million kg, were traded at an average price of Rs 101.93 a kg. Low grades, comprised 43 million kg, were traded at an average price of Rs 64.05 a kg.

Following are platform-wise auction details: H.D.Kote: 1.44 lakh bales marketed (13.23 million kg), average price Rs 87.80 a kg. Hunsur-1: 78,444 bales (8.08 million kg), Rs 94.42 a kg. Hunsur-2: 1.07 lakh bales (10.94 million kg), Rs 92.50 a kg. Periyapatna-1: 1.30 lakh bales (13.09 million kg), Rs 94.47 a kg. Periyapatna-2: 1.27 lakh bales (12.97 million kg) Rs 98.26 a kg. Periyapatna-3: 1.17 lakh bales (12.03 million kg) Rs 94.18 a kg. Ramanathpura-1: 1.36 lakh bales (13.24 million kg) Rs 88.19 a kg. Kampalapura-1: 1.19 lakh bales (11.94 million kg) Rs 96.14 a kg. Kampalapura-2: 1.05 lakh bales (10.41 million kg) Rs 94.26 a kg. Ramanathpura-2: 1.34 lakh bales (13.55 million kg) Rs 86.63 a kg. Hunsur-3: 78,768 bales (7.91 million kg) Rs 92.89 a kg.

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