INDIA'S EXPORTS OF tobacco are expected to cross ₹13,000 crore this financial year, up from ₹12,005 crore last financial year, due to higher yields and prices, a senior official said on Wednesday.
In the last five years, tobacco exports have grown by 87% from ₹6,408.15 crore in 2019-20. During this period, the export volumes have increased from 218.84 million kg to 315.51 million kg. The output of flue-cured Virginia (FCV) tobacco, which accounts for 65% of the total tobacco exported from India, has grown to 304 million kg in the last financial year from 234.8 million kg in 2019-20. The price of FCV has gone up to ₹279.14 per kg last year from ₹124 per kg in 2019-20.
This story is from the January 02, 2025 edition of Financial Express Mumbai.
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This story is from the January 02, 2025 edition of Financial Express Mumbai.
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