Surge in tobacco prices benefits Andhra Pradesh growers

Local auction prices have surged to nearly all-time highs, reaching Rs 280 to Rs 290 per kg and are expected to exceed Rs 300 per kg in the coming weeks, as per the TOI report. This represents a substantial increase of about 30% from farmers' initial expectations. The sudden rise in prices can be attributed to the influx of local and small players offering competitive bids at auctions.