FAIFA warns of severe impact from tobacco tax hike
after close1 source ↓written by the desknot a recommendation
- and result
- 20%
- man-days of lost
- 2.6 million
The Federation of All India Farmer Associations (FAIFA) reported that the new excise duties on tobacco could reduce offtake of FCV crops by 20% and result in 2.6 million man-days of lost employment. This will severely affect farmers and workers in the tobacco sector, particularly in states like Andhra Pradesh and Karnataka.
The implications for traders are significant as this disruption may lead to reduced supply and increased prices in the tobacco market. ⚖️
Not investment advice. For informational purposes only.