Tobacco auctions in Andhra Pradesh

 

(The Hindu) Virginia tobacco auctions on the auction floors in Andhra Pradesh are on the verge of conclusion and so far 210 million kgs of the crop has been sold at an average price of Rs. 119 a kg, against the average price of Rs. 113.80 a kg last year, according to sources. The auction process has come to a close on all the floors except those in the northern light soils of West Godavari district and there too it is likely to close by the week-end.

The bright grades accounted for 47.6 per cent of the crop, fetching Rs. 124.83 a kg on the average, the medium grades 35.90 per cent fetching Rs. Rs 119.93 a kg on the average and the low grades accounting for the rest at an average of Rs. 87.44 a kg. The bright grade outturn was a positive feature this season, sources said. Continued

 

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