APMarkfedscripted a new HISTORY as the first 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.
Tobacco growers rushed to the Centre to press the national level Marketing agencies likeNafedto 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.