NEW TOBACCO BUSINESS REGULATIONS REQUIRED

Business | August 13, 2001, Monday // 00:00

Association of Private Tobacco Growers insisted on urgent amendments to the implementing regulations for the Tobacco Act and on the state`s active involvement in stipulating the procurement prices of tobacco. Within two weeks I will propose that the new quality setting mechanism, regulated per Cabinet Decree of July 4, be postponed by half a year and be made effective as from January 2002, agricultural minister Mehmed Dikme said at a meeting with tobacco producers and traders. The new regulations set higher quality requirements for tobacco without stipulating a price increase. Moreover, they were drafted without the stand of tobacco producers having been taken into consideration, tobacco growers complained. The new mechanism will block procurement because in fact it will educe tobacco prices just before the buy-out campaign.

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