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In a first, Markfed begins tobacco export to US.
Jul 08, 2022

AP Markfed scripted a new history as the first state government agency to directly handle the exports from India. Markfed, which procured tobacco directly from the farmers under market intervention during 2020 market crisis, has started export of tobacco stocks to the USA.
 
Markfed MD PS Pradyumna said they have clinched a deal with a big tobacco trader in US to procure about 120 tonnes of stock. 'We have purchased about 13 million kg of tobacco from the growers following instructions of chief minister YS Jagan Mohan Reddy in 2020. We have disposed almost 75 per cent of the stocks in domestic market since then and bagged the tender to export about 120 tonnes of the stock to Virginia in the USA,' said Pradyumna. Interestingly, AP Markfed is the first agency of a state government in the country to get the direct export licence and contract to export the stock.
 
Tobacco growers rushed to the Centre to press the national level marketing agencies like Nafed to purchase the stocks to prevent the crisis situation. The price fall sent shock waves among the tobacco growers as a similar crisis in 2018 had prompted many farmers to commit suicide. Although Union commerce ministry held discussions with traders, the prices further went down due to the poor export orders following the outbreak of Covid-19.
 
With no assistance from the Centre, Jagan took a risky decision to press Markfed into purchase of stocks. Although Markfed had no expertise in purchase of tobacco as it had never participated in the auctions, chief minister directed Pradyumna to shoulder the burden to provide relief to the growers.
    
timesofindia.indiatimes.com

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