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Sri Lanka cigarette smuggling soared in 2024 amid tax hikes : CTC

Summary by EconomyNext
ECONOMYNEXT – Sri Lanka has seen a steep increase in smuggled cigarettes in 2024, as legal sales fell in 2024, Ceylon Tobacco Company said, while beedi has sales have seen long-term growth, Ceylon Tobacco Company has said. “The widening price gap between legal cigarettes and their illicit counterparts, have contributed to a disproportionate growth in the illicit cigarette market,” CTC told shareholders in the annual report. “Meanwhile, the expan…
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EconomyNext broke the news in on Sunday, April 27, 2025.
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