India board raises tobacco price by Rs 4 a kg

(Business Standard) The Tobacco Board has agreed to increase the minimum guarantee price by Rs 4 a kg to farmers of F1 Grade from the current Rs 120. This was decided after board Chairman G Kamalavardhana Rao held meetings with representatives of farmers and traders. Farmers of southern light soils in Prakasam district, who have cultivated flue-cured virginia, have been insisting on remunerative price. However, traders were offering only Rs 112.98 a kg as against Rs 119.9 in the 2010 season. Continued