JTI steps in to rescue local tobacco farmers from glut

JTI steps in to rescue local tobacco farmers from glut

Japan Tobacco International’s (JTI) Philippine unit agreed to purchase an additional 3.32 million kilograms of green-weight tobacco leaf from domestic farmers, moving to stabilize a market reeling from a massive supply glut.The decision comes after overproduction in the northern provinces of Ilocos Sur, Ilocos Norte, Abra, and La Union yielded an excess of 5 million kilograms of flue-cured Virginia tobacco, according to data from the National To…