Cuba reduces tobacco producing crops by 20%…

[ElJavi76]

https://www.cibercuba.com/noticias/2022-02-26-u1-e43231-s27061-cuba-reduce-20-ciento-areas-destinadas-siembra-tabaco

As if we needed any more of this kind of news.

It’s only cigars and there are much bigger fish to fry these days but just reporting what I’m reading. 
 

[ZigZauer]

Which means, IMO, MSRP and retailer price will increase by 25% at least.


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[Bagman]

"However, the official was confident that the export of cigars will not be affected, thanks to the fact that the country has stored a quantity of leaves that can cover two years of production."

Silver lining I guess.   Endless bad news these days.

[Chas.Alpha]

Thanks, @ElJavi76 

[ElJavi76]

From what I’ve heard… they had a goal of 80M cigars rolled last year and barely hit the 50M mark. I don’t know if that’s simply attributed to COVID and the factories not operating at 100% thru the entire year. The idea that they’re sitting on a ton of leaf? I’m not buying that. I also can’t attribute the lack of hitting their mark to lack of raw material. We have heard of things like Behikes being rolled but not sent out due to lack of packaging. It’s a broken system at certain junctures. They’ve struggled to pay farmers and now they’re scaling back seeding.
 

If you’re sitting on a nice collection… good for you whether you planned it this way or not. I just think it’s gonna be a bumpy ride until the new baseline gets defined.