Cigarette makers come to the rescue of Andhra Pradesh tobacco farmers

(business-standard.com) Domestic cigarette manufacturers led by ITC Limited have come to the rescue of tobacco farmers in Andhra Pradesh during the current year by procuring more quantity of flue cured tobacco (FCT) than what they needed so as to stabilise the falling prices.
Around 50,000 tobacco farmers in the state are stated to have been benefitted by the supporting role played by ITC, Godfrey Phillips India (GPI) and VST. ... global FCT prices declined steeply as supplies exceeded demand owing to a huge increase in crop volumes in Brazil and Zimbabwe. Continued