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News Link • Cuba

Trump's Cuba Pressure Campaign Could Spark Cohiba Cigar Price Spikes

• Zero Hedge

Cuba is buckling under a severe economic crisis. Years of economic mismanagement, turbocharged by hyperinflation and population decline, have left the nearly seven-decade-old communist government weaker than at any point in years. Now, the Trump administration has promised maximum pressure, with President Trump openly vowing to bring the regime to its knees.

We've focused on Trump's blockade of oil deliveries to Cuba, the worsening power grid blackouts, and even the tourism collapse, as flight disruptions have erupted in recent weeks amid a fuel crisis. But one area that remains off the radar for many is that the current crisis has likely spread into the Caribbean nation's agricultural sector.

Cuba's annual cigar festival in Havana, hosted by Habanos S.A., the state-run entity that holds a monopoly on global Cuban cigar sales, has been "postponed."  

Representatives from Colombian cigar retailer La Cava del Puro, which specializes in selling Habanos, Colombian cigars, and other premium tobacco products and has been in business for 25 years, told us in recent days that a looming Cuban cigar supply crunch will likely push prices higher.


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