Honduras: Tobacco industry reeling from costs

The tobacco industry operating in eastern zone is analyzing the possibility of transferring their operations to Nicaragua or the Dominican Republic due to the increase in costs.

Monday, January 26, 2009

Latribuna.hn reports: "Nestor Plasencia, tobacco businessman, said that in Nicaragua and even in the Dominican Republic, tobacco companies have lower operating costs than those they face in Honduras.

Pasencia reported that they are seeking a meeting with the President of the Republic to personally explain to him the severity of the situation that the tobacco industry is facing and what this means for the eastern zone of Honduras.

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June 2008

Airport authorities in San Pedro Sula, Honduras, face spiraling costs as traffic is diverted from Tegucigalpa following a recent serious accident there.

Alexander Hernández, the San Pedro Sula airport manager, said he has hired 30 extra workers in recent days to handle the growing burden of security and administration.

Tobacco industry in Nicaragua Grows 114% in 6 years

March 2013

Nicaraguan Cigars are considered among the best in the world, and their production is the fastest growing in the globe.

According to a publication by Cigar Aficionado, Nicaragua in 2012 produced the best tobacco in the world and occupied the first, fourth, eighth and ninth place in the top 10 positions in the Top 25 best cigars in the world.

Nicaraguan vs. Cuban Cigars

January 2015

The main export market for Nicaraguan cigars could change after the eventual reopening of trade between Cuba and the United States.

Nicaraguan cigars are consumed in over 70 countries worldwide, where they already faces competition from Cuban tobacco. Nicaraguan tobacco manufacturers believe that if the trade embargo is lifted and Cuban tobacco starts to enter the US market, increased competition will open up opportunities for increasing productivity in the sector and improving the product in terms of variety and quality.

Nicaragua's Tobacco Industry Develops

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Growing external demand is boosting an industry that contributed more than $100 million to the country's 2010 GDP.

The north of the country is one of the zone that has seen the benefits of a growth in tobacco exports. New jobs have been created and regional governments are planning, together with businesses, to

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