Wednesday, June 15, 2011

Cuban Cigar Sales on the Rise Again

THE DAILY TELEGRAPH: Production of Cuban cigars are once again on the rise after falling victim to smoking bans and the international financial crisis.

The dexterous fingers of Cuba's cigar makers rolled out 81.5 million of the much sought-after smokes last year, compared with 75.4 million in 2009, according to a report released by the National Statistics Office on its Web page.

Cuba's finest tobacco leaf is grown and cured in westernmost Pinar del Rio province where the just-concluded harvest produced 25.4 million leaves, according to local radio reports, compared with the previous year's 22.4 million leaves.

While the figures are up, they are still well below 2008 when Cuba produced more than 100 million cigars for export and Pinar del Rio's tobacco harvest totalled 26 million leaves.

The partial recovery is due largely to growing demand in Asia – particularly China – where the new rich are keen for the largest and most expensive cigars, said Gonzalo Fernandez, deputy director of marketing at Habanos S.A., the worldwide distributor of Cuban cigars.

China has climbed into third place, behind Spain and France, among the largest markets for Cuban cigars.

Cigars are one of Cuba's top exports. » | Tuesday, June 14, 2011