Summary:

The Tobacco Board, established in 1976, regulates India's tobacco industry by assisting farmers, promoting exports, and maintaining fair prices. Crop planning and financial support initiatives, along with an IT-enabled electronic auctioning system, have enhanced transparency. These efforts, combined with favorable government policies, led to tobacco exports reaching Rs. 12,005.89 crore (US$ 1.40 billion) in 2023-24, tripling farmer incomes in five years.

In the 2023-24 season, Andhra Pradesh FCV tobacco growers produced a record 215.35 million kg, earning Rs. 288.65 (US$ 3.36) per kg. Despite natural disasters, international demand contributed to their success. Over 43,000 farmers participated in auctions, with the highest price reaching Rs. 411 (US$ 4.79). The Tobacco Board also supported farmers with welfare programs, including penalty remission and relief fund payments.

Source: IBEF 

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