Prices for multiple brands of cigarettes on the market have collectively inverted, entering the largest decline channel in history. High-end cigarettes are failing to sell, and distributors lose money as soon as they stock up.
Affected by inventory backlogs and cigarette price cuts, 320,000 tobacco and liquor stores nationwide disappeared last year, making industry operations extremely difficult.
Due to reduced demand from tobacco companies and a lack of contractual guarantees, some tobacco farmers in Yunnan are facing the dilemma of being unable to sell the tobacco leaves they worked hard to grow, leading some to even destroy their crops.