Tobacco sales in AP gather momentum

(Hindu Business Line) Guntur, June 28: Tobacco auctions in Andhra Pradesh have gathered momentum during the past two to three weeks and so far 103 million kg have been sold on the floors at an average price of Rs 98.99 a kg.

According to Mr V. Kannaiah, Manager (Auctions), the performance was comparatively much better than last year, as it took 124 days then to market a similar quantity. The average price was, however, slightly higher last year at Rs 101.50 a kg.

He said exports orders had been received by the trade and therefore the auctions had picked up momentum of late. Continued