NTA Administrator Belinda Sanchez said government interventions coupled by favorable climatic conditions and higher buying prices would push tobacco output to surpass last year’s production of 42 million kg. The buying price of prime class
flue-cured Virginia tobacco has reached as high as P113 per kg, way above its P97 per kg floor price, according to the NTA’s monitoring.
The prime class of both air-cured Burley and Native tobacco fetched as much as P100 per kg, higher than their approved floor price of P81 per kg, the NTA added.
This story is from the April 15, 2024 edition of The Philippine Star.
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This story is from the April 15, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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