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Jump to full article: Reuters, 2008-06-26
Author: Rajendra Jadhav
Intro: India is likely to export a record $600 million of tobacco in 2008/09, as a shortfall in global output boosted demand and pushed up prices to new highs, a senior official said.
"Prices have risen about 70 percent from last year and importers are buying at these levels also. At this price, exports will touch $ 600 million (in 2008/09)," J Suresh Babu, chairman of the Tobacco Board, told Reuters on Thursday.
In the year ending March 2008, tobacco exports rose 32 percent to $503 million, he said.
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