Citing significant increases in tobacco, manufacturing and transportation costs, the company will be increasing prices on select cigars from 2-5%, according to Janelle Rosenfeld, spokeswoman for Altadis USA.
“We do our very best to absorb any additional costs as much as possible and the changes are very conservative,” she noted.
The new price list will go into effect on February 1.
The price increases are not across the board, but rather are varied based on the tobaccos, countries of manufacture and packaging materials.
One retailer mentioned that he recalls the cost of a Romeo y Julieta Reserva Real toro going from $6.25 to about $6.55, an increase of $0.30 – or just more than 5%.
Several factors have been cited by sources as the reasons for the increases which are affecting the cigar industry, including a mandatory cost of living wage increase in Nicaragua, increased costs of raw materials and increased fuel and freight costs.
“Altadis USA remains very proud of the quality products that we provide at very affordable prices,” Rosenfeld said.
Altadis USA produces Montecristo, Romeo y Julieta, Vega Fina, Warlock and A. Turrent along with 23 other brands.