Global glut suffocates growers of green gold

TIMB said the industry's future depends on growers treating farming as a commercial business rather than relying solely on tobac­co.

WEAKER than expected tobacco auction floor prices have dampened farmers’ hopes of translating this season’s high output into meaningful earnings. 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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