AP CM presses ITC, Godfrey Phillips, VST to resume tobacco buying amid surplus glut
CM Naidu urged 28 companies to accelerate procurement against a 142 million kg crop versus just 95.50 million kg indented, insisting prices hold above the ₹200/kg MSP. The oversupply squeeze puts pressure on major buyers ITC, Godfrey Phillips India and VST Industries.
AP CM Naidu urged tobacco companies including ITC, Godfrey Phillips and VST Industries to resume purchases amid oversupply, criticising slow procurement against a 142 million kg crop versus 95.50 million kg indented, insisting prices stay above ₹200/kg MSP.
Why this matters
ITC's tobacco leaf procurement faces state pressure as its agri arm expands—Climate Smart Agri recently scaled to 32 lakh acres with AI climate-risk tools across 140 sites, underscoring its deepening farm-sourcing footprint.
Retail-company signals accelerating at +688600% QoQ.
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