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Egypt’s state-owned top cigarette maker Eastern Company reported on Thursday an increase between 4.5 percent and 6 percent in cigarette prices.
The retail price for its Mondial cigarettes will rise to 17.50 Egyptian pounds ($1.06) from 16.50 pounds, it said in a statement.
Managing Director Hany Aman told Reuters that the increase in prices is due to higher labour and production costs.
The company has a market share of about 70 percent and foreign companies hold the remainder.
Source: Reuters