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U.S. DEVELOPMENTS
The 1996/97 U.S. burley and dark tobacco auction season is now closed. Total gross sales of U.S. burley tobacco (type 31) ended the year at 254,054 metric tons, up 8 percent from last year when 234,155 tons were sold. This year's marketing season lasted 45 days compared to 43 days last year. Prices for type 31 averaged $4.24 per kilogram, up 15 cents per kilogram from last year. This year no type 31 tobacco went under loan. Auction sales of Virginia fire-cured (type 21), western district fire-cured (type 23), and Virginia sun-cured (type 37) tobaccos were higher this year, while sales of eastern district fire-cured (type 22), one sucker (type 35), and greenriver (type 36) were lower. Prices this year averaged higher in all markets.
United States Tobacco Auction Update
Burley and Dark-Type Tobaccos
FINAL
| Tobacco Type | Sale Days | Quantity in Metric Tons | Average Value/Kilograms | Loan Receipts Percent of Sales | |||
|---|---|---|---|---|---|---|---|
1995/96 |
1996/97 |
1995/96 |
1996/97 |
1995/96 |
1996/97 |
||
| 31 | 45 | 234,155 | 254,054 | $4.09 | $4.24 | 0.0 | 0.0 |
| 21 | 14 | 694 | 787 | $3.58 | $3.94 | 4.9 | 1.5 |
| 22 | 29 | 5,831 | 5,698 | $4.40 | $4.54 | 1.1 | 0.5 |
| 23 | 22 | 3,225 | 3,590 | $4.55 | $4.83 | 1.3 | 0.1 |
| 35 | 20 | 1,771 | 1,658 | $3.60 | $4.09 | 2.3 | 0.5 |
| 36 | 9 | 1,358 | 1,325 | $3.85 | $4.36 | 0.6 | 0.0 |
| 37 | 3 | 37 | 50 | $3.43 | $3.93 | 0.0 | 0.0 |
Source: Daily Market News Summary No. 127
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