|Jump to full article: The Star (my), 2006-08-03|
Author: sabry tahir
Malaysia is geared towards bringing down the price of locally-grown tobacco leaf to RM9 per kg in 2010 from RM14 per kg currently in order for the country to remain competitive in the post-Asean Free Trade Area (Afta) environment.
British American Tobacco (M) Bhd (BAT) head of leaf Ramli Hashim said Malaysia's tobacco leaf industry needed to narrow the huge gap between the price of local tobacco and that of its neighbouring counterparts such as Thailand, Vietnam, the Philippines, Cambodia and Indonesia.
The country's cured tobacco leaf price is currently the highest in Asean and one of the most expensive in the world.
“However, the price will have to be kept above RM6 per kg in order to help the farmers sustain their livelihood,” he told reporters during a visit to a tobacco plantations here yesterday.
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