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AAP

Derek Rose

UNBELIEVABLE: Big fall in tobacco sales burns wholesaler s profits - The Untold Story

Metcash Tobacco IGA Mitre 10

Metcash says it has experienced a big fall in tobacco sales as the black market absorbs buyers. (April Fonti/AAP PHOTOS)

A leading distributor to family-owned Australian retailers is the latest to experience a big loss in tobacco sales to the black market.

IGA supplier Metcash said on Monday tobacco sales for the six months to October 31 plunged 35.1 per cent to $637.8 million, compared to the same period a year ago.

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