The Tobacco Board has pegged the crop size for Flue Cured Virginia (FCV) tobacco for Andhra Pradesh for the year 2016-17 at 130 million kg, 10 million kg more than that of last year.
The board has taken the decision after taking into consideration the gloomy situation in the global market, carryover stock, declining demand in domestic market and growers’ demand for assuring remunerative prices for the produce. The decision to peg the crop size was taken at the 142nd board meeting chaired by Manoj Kumar Dwivedi in Hyderabad on Wednesday.
In another major decision, tobacco trader and member Balineni Seethaiah has been elected vice-chairman of the Tobacco Board for a period of six months from October 2016 to March 2017 as Gadde Seshagiri Rao’s tenure would end in September 2016.
