Price of popular Cuban cigars face huge rise if US ends trade embargo

FIDEL Castro’s resignation as president of Cuba could have implications not just for the political world but for the price of America’s forbidden fruit — the Cuban cigar.

Widely considered the best in the world, Cuban cigars could jump in price if the US were to end an embargo on trade with the island nation.

This is according to Swedish Match, the world’s second-largest cigar maker, which said it has drawn up a detailed plan in preparation of a lifting of the US embargo, which was put in place by President John F Kennedy in 1962.