The Continental Tobacco Industry Group is supporting the halting of the decline in domestic tobacco production by increasing the basic tobacco purchase price by 50%
DOFER Dohányfermentáló Zrt, a member of the Continental Tobacco Industry Group, implemented a 50 percent increase in the basic purchase price of tobacco to offset the increase in cost levels in recent years. The move is an important milestone in terms of halting the decline in domestic tobacco production. Its results can already be felt, even before the conclusion of the contract period, since the contracted areas have started to grow compared to the total area contracted by the company last year.
Tobacco cultivation in Hungary has faced significant challenges in recent years, which appeared both in the amount of contracted tobacco growing areas and in the results of the harvest and tobacco purchase period. The decline was primarily attributable to the increase in energy prices and other costs.
In order to counterbalance this trend, prior to the current contract signing period, DOFER Dohányfermentáló Zrt., which belongs to the Continental Tobacco Group and is responsible for about a third of domestic tobacco production, increased the base purchase price of tobacco fixed in the 2023 contract by 50 percent.
Related news
NAV raided an illegal family tobacco operation
The financial investigators of the National Tax and Customs Administration…
Read more >France To Ban Disposable E-Cigarettes, Prime Minister Says
France plans to ban disposable electronic cigarettes, French Prime Minister…
Read more >The Continental Tobacco Industry Group is starting the tobacco harvest season with favorable prospects
The Continental Tobacco Group is starting this year’s tobacco harvest…
Read more >Related news
NGM: the lives of families are significantly affected by food and health expenses and fuel prices
According to the surveys, the most significant expenses of the…
Read more >The quarterly results of the SZÉP card confirm the entrepreneurs’ proposal
According to the announcement issued by the Ministry of National…
Read more >Tesco is making good progress with the sustainability project
Tesco is committed to sustainable operations and has set ambitious…
Read more >