Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Tobacco Board fixes crop size for Andhra Pradesh at 130 millon kgs

18-Aug2016

Tobacco Board fixes crop size for Andhra Pradesh at 130 millon kgs

Tobacco Board has fixed the crop size for Andhra Pradesh for 2016-17 crop year at 130 millon kgs based on the indents given by the tobacco trade. The board after detailed discussions taking into consideration the gloomy situation in the world's market, carryover stocks, declining demand for tobacco in domestic markets, growers' demands for assuring remunerative prices for their produce, decided to fix a crop size of 130 million kgs for Andhra Pradesh based on the indents received from the Indian Tobacco Association.

Last year 2015-16, the crop size was fixed at 120 million kgs compared to 172 million kgs in 2014-15. This downsize in 2014-15 was on account of low grade production of tobacco and lack of confirmation from the importers.

Earlier in March, the board had reduced the crop size under tobacco in Karnataka to 95 million kgs from 100 million kgs last year.



Related News

View all news

Coriander futures trade higher on improved demand

Coriander futures traded higher on NCDEX as participants enlarged their holdings on the back of improved demand at the spot market. Further, lower arrivals from major producing regions also fuelled the......

Coriander futures edge down on muted demand

Coriander futures edged down on NCDEX as participants cut down their bets amid muted demand at the spot market. Besides, increased supplies from major producing regions also weighed on coriander futures.The......

Coriander futures trade higher on tight supplies

Coriander futures traded higher on NCDEX as traders widened their holdings, tracking rising demand at the domestic spot market. Further, tight supplies from major growing regions also added support to......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......