Tobacco crop failure in Indonesia, Brazil triggers Andhra price surge

Wednesday, 1 May 2024
Tobacco farmers in Andhra Pradesh are about to experience the consequences of a significant decrease in crop production in major tobacco-producing countries like Brazil, Zimbabwe, and Indonesia due to extreme weather conditions like drought and untimely rain. Prices increased significantly at local auctions, reaching nearly all-time highs, and are expected to continue rising in the upcoming weeks.

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