The Egyptian Chamber of Commerce's tobacco department recently announced an increase in the prices of 10 cigarette brands, including the popular Egyptian brand Merit, starting from April 6th. These 10 brands are all products under the international tobacco company Philip Morris International (PMI).
PMI is one of Egypt's largest distributors of tobacco and cigarettes. The Tobacco Department of the Egyptian Chamber of Commerce attributed the price increase to the rise in the exchange rate between the US dollar and the Egyptian pound.
The head of the tobacco department of the Food Industry Association of the Egyptian Federation of Industries, Ibrahim Imbaby, stated that the increase in PMI prices was due to a decrease in hard currency management and a rise in production costs.
According to a report by 2FIRSTS, the state-owned Eastern Company in Egypt has announced a price increase of 2-3 Egyptian pounds (equivalent to 0.44-0.66 yuan) per pack for cigarettes, cigars, and pipe tobacco.
In September 2022, PMI subsidiary United Tobacco Company (UTC) began producing cigarettes in the Egyptian market, breaking the monopoly of the state-owned Eastern Tobacco Company over cigarette production in Egypt.
Further reading:
Egyptian cigarette prices have increased by 2-3 Egyptian pounds per pack.
Reference:
Prices of ten different types of cigarettes have been increased in Egypt.
Disclaimer
This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.
Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.
The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.
This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.
Copyright Notice
This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.
No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.
For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.
AI-Assisted Translation and Editing Notice
Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.
Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.
