Strong tobacco auctions in Karnataka
Tobacco prices at the auction sales in the Indian state of Karnataka have hit a high of Rs152 per kg, according to a story in the latest issue of the BBM Bommidala Group newsletter.
By the end of the 75th day of sales, growers had sold more than 44 million kg of leaf at an average price of Rs121.45 per kg.
Bright grade leaf, which is generally preferred by the major tobacco companies, is fetching about Rs140.91 per kg, up from about Rs118 per kg last year.