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News: The Tobacco Board of India has claimed that Flue Cured Virginia (FCV) tobacco farmers’ earnings have more than doubled from Rs. 124 per kg (2019-20) to Rs. 279.54 (2023-24).
About Tobacco Board of India
- It is a statutory body established by the Tobacco Board Act, 1975 for the overall development of the tobacco industry.
- Functions:
- Monitors the Virginia tobacco market to ensure fair and remunerative prices to growers, checking the volatility of the market.
- Establishes auction platforms for sale of Virginia tobacco by registered growers.
- Sponsors scientific, technological and economic research for promotion of the tobacco industry.
- Engages in extension and developmental activities to promote sustainable tobacco cultivation practices.
- The board is administered by the Ministry of Commerce and Industry
- It is headquartered in Guntur (Andhra Pradesh)
Key factors behind doubling of FCV tobacco farmers’ earnings
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