Home / Top News

Market will now determine tobacco prices

By Lan Lan | China Daily | Updated: 2015-01-05 07:49

Crop was the last agricultural product whose procurement costs were government-regulated

China has announced that procurement prices for tobacco leaves will now be set by supply and demand, in a country where one-third of the world's cigarettes are consumed but where sales of high-end cigarettes have dropped during the recent corruption crackdown.

The National Development and Reform Commission and China Tobacco Co released a notice to relax procurement prices on more than 160 types of tobacco leaves, which had been the last agricultural product under pricing regulation in China.

Market will now determine tobacco prices

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349