Tobacco auctions begin on promising note
The Hindu
Auctioning of tobacco, the principal commercial crop in the drought-prone areas of Prakasam and SPSR Nellore districts, began on an encouraging note on Monday.
Inaugurating the auctions at Ongole II auction platform along with Tobacco Board Chairman K.Raghunatha Babu, State Energy Minister Balineni Srinivasa Reddy said the State government for the first time had directly entered the market in a crisis situation in the wake of a slump in the market. “We will not leave the farmers to fend for themselves in the event of any crisis,” he said, adding that the farmer-friendly government would closely follow the market condition and enter the market if needed to bail out the farmers, who were in debts for the last four years because of unfavourable climatic and market conditions.
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