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31-12-2012 10:27 AM
| India
Tobacco prices likely to surge on shrinking acreage
A decreasing acreage coupled with negligible carryover stock might firm up tobacco prices.
Processors and middlemen are awaiting the new crop to be harvest by March-April. However, a gutka ban by major states has not impacted the demand for tobacco adversely. Sown on over 50,000 hectare in Gujarat, the tobacco is used for chewing, sniffing and beedi production.
Processors and middlemen are awaiting the new crop to be harvest by March-April. However, a gutka ban by major states has not impacted the demand for tobacco adversely. Sown on over 50,000 hectare in Gujarat, the tobacco is used for chewing, sniffing and beedi production.
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