As the harvest season draws to a close in Lebanon, tobacco farmers across the country are ready and waiting for the government-backed Regie Libanaise des Tabacs et Tombacs to collect this year’s dried and packaged corporation, the Daily Star reported Tuesday.
The regie is also waiting for the government to decide on exactly how much of its budget to allocate for tobacco purchases.
Antoine Madi, spokesperson for the Regie was quoted by the daily as saying "we’ll begin working on the buying season after Finance Ministry approval.”
The tobacco farming industry has been controlled by the Regie ever since a 1935 law granted the organization full monopoly power.
Regie expects this year’s crop to be similar to 1999 levels, where 1.7 million kilos were produced in the North, 5.8 million kilos in the South and 1.9 million kilos in the Bekaa, according to the paper, which added that the total purchase cost of last year’s crop was LL92.32 billion ($61.5 million) -- Albawaba.com
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