Market Report, "Tobacco in Venezuela", Published
The tobacco industry continued to see a fall-back in volume sales as the result of limited product offerings in cigars, caused by increasing trade restrictions, and growth in the illicit trade of cigarettes. In spite of the efforts made by multinationals to fight against smuggling, the low price of illicit cigarettes continued to attract the attention of consumers due to the high rate of inflation which adversely impacts the population's purchasing power. Under such inflationary pressures on...
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