Kolkata: Mysore tobacco auctions in Karnataka, which officially closed last week on a buoyant note, has set many records since the launch of tobacco auctions in the country in 1984.
Record time
According to Tobacco Board officials, for the first time since introduction of auctions, not a single day was lost on account of interruptions, leading to completion of the auctions in record time.
Officials said though the market began on a cautious note owing to steep appreciation of the rupee, farmers have realised 6 per cent more than 2006, indicating a strong demand for the Mysore Neutral Filler tobaccos.
Rapid pace
According to L. Anand, a veteran tobacco grower of Mysore, demand peaked post-Diwali and continued till closure of the auctions. During this period, spanning over 50 days auction days, more than 50 per cent of the leaf sold was allotted by Tobacco Board officials to the trade at a top price of Rs 68/kg, it is learnt.
The Mysore 2007 markets opened in 10 auction floors on September 6, 2007, with the maximum price of Rs 68/kg (same as in 2006).
• Quarterly results of corporates: Check out
A total volume of 88 million kg (mkg) was marketed in 99 auction days (against 152 auction days in 2006), indicating a record turnover of volume handled per day.
Price realisation
It is learnt that despite increase in the production of medium and low grades, compared with 2006 season, the per kg farmer realisation price in 2007 has gone up owing to a favourable global demand for leaf tobacco.
The crop marketed in 2006 was 97 mkg with the average price realised at Rs 55.95/kg. Farmers, it is learnt, have realised an average price of Rs 59.21 per kg during Mysore 2007 season, said to be the highest since inception of tobacco auction system some 23 years ago. The bright and medium grades in the just concluded auctions fetched average per kg prices of Rs 67.3 (Rs 34) and Rs 61.54 (Rs 43) respectively.
The rapid pace of auctions this year, a clear departure from that in previous years, according to Karnataka Tobacco Growers’ Association sources, has generated a lot of value for all stakeholders in the industry - for farmers in terms of farm waste reduction and for the trade in terms of better retention of keeping quality and colour of the leaf.
Record time
According to Tobacco Board officials, for the first time since introduction of auctions, not a single day was lost on account of interruptions, leading to completion of the auctions in record time.
Officials said though the market began on a cautious note owing to steep appreciation of the rupee, farmers have realised 6 per cent more than 2006, indicating a strong demand for the Mysore Neutral Filler tobaccos.
Rapid pace
According to L. Anand, a veteran tobacco grower of Mysore, demand peaked post-Diwali and continued till closure of the auctions. During this period, spanning over 50 days auction days, more than 50 per cent of the leaf sold was allotted by Tobacco Board officials to the trade at a top price of Rs 68/kg, it is learnt.
The Mysore 2007 markets opened in 10 auction floors on September 6, 2007, with the maximum price of Rs 68/kg (same as in 2006).
• Quarterly results of corporates: Check out
A total volume of 88 million kg (mkg) was marketed in 99 auction days (against 152 auction days in 2006), indicating a record turnover of volume handled per day.
Price realisation
It is learnt that despite increase in the production of medium and low grades, compared with 2006 season, the per kg farmer realisation price in 2007 has gone up owing to a favourable global demand for leaf tobacco.
The crop marketed in 2006 was 97 mkg with the average price realised at Rs 55.95/kg. Farmers, it is learnt, have realised an average price of Rs 59.21 per kg during Mysore 2007 season, said to be the highest since inception of tobacco auction system some 23 years ago. The bright and medium grades in the just concluded auctions fetched average per kg prices of Rs 67.3 (Rs 34) and Rs 61.54 (Rs 43) respectively.
The rapid pace of auctions this year, a clear departure from that in previous years, according to Karnataka Tobacco Growers’ Association sources, has generated a lot of value for all stakeholders in the industry - for farmers in terms of farm waste reduction and for the trade in terms of better retention of keeping quality and colour of the leaf.
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