Agri Business

Medium, low-grade tobacco valued at Karnataka sale

Anil Urs Hubli | Updated on January 05, 2011 Published on January 05, 2011




Medium and low grade tobacco prices at the Karnataka auctions have increased by Rs 5-10.

A senior Tobacco Board official said: “Tobacco prices of medium and low grades have improved in the last fortnight. Also, we are seeing increasing demand for Karnataka's FCV tobacco from exporters.

Plenty left

“As we have marketed little over 50 million kg so far, there is plenty of tobacco left with the growers. We hope to close the year on a high note,” he added.

At the end of the 79th day of auction (January 3), about 51.04 million kg (4.95 lakh bales) of FCV tobacco variety have been marketed in Karnataka, with an average price fetched Rs 93.76/kg.

Grades

Of the total quantity marketed, bright grades comprised of eight million kg and were traded at an average price of Rs 117.15/kg. Medium grades comprised of 27 million kg, were traded at an average price of Rs 101.88/kg. Low grades, comprised of 15 million kg, were traded at an average price of Rs 66.63/kg.

Auction Platforms

Following are platform-wise auction details, as on January 3: HD Kote 52,436 bales marketed (5.24 million kg) average price Rs 92.70/kg; Hunsur-I 28,644 bales (2.92 million kg) Rs 96.02/kg; Hunsur-II 42,325 bales (4.41 million kg) Rs 94.17/kg; Periyapatna-I 57,920 bales (5.93 million kg) Rs 95.21/kg; Periyapatna-II 53,002 bales (5.52 million kg) Rs 96.47/kg; Periyapatna-III 46,753 bales (4.87 million kg) Rs 92.94/kg; Ramanathpura-I 51,493 bales (5.45 million kg) Rs 92.19/kg; Kampalapura-I 44,649 bales (4.50 million kg) Rs 93.87/kg;

Kampalapura-II 39,301 bales (3.98 million kg) Rs 93.74/kg; Ramanathpura-II 46,388 bales (4.87 million kg) Rs 90.35/kg; and Hunsur-III 32,469 bales (3.30 million kg) Rs Rs 94.35/kg.

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Published on January 05, 2011
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