Global glut suffocates growers of green gold

The tobacco industry is moving toward a target of over 300 million kilograms, with 2026 expectations remaining high.

WEAKER than expected tobacco auction floor prices have dampened farmers’ hopes of translating this season’s high output into meaningful earnings.Advertisements Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that increased global supply, subdued demand, limited buyer competition and…

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