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U.S. DEVELOPMENTS
Auction Reports:
Through 20 sale days of the 1996/97 U.S. flue-cured tobacco auction season, total gross sales of U.S. flue-cured tobacco (types 11-14) reached 113,660 metric tons. This represents a decrease in sales of 17 percent when compared to the same 20 day period last year when 137,677 tons were sold. Prices so far this year are averaging $3.50 per kilogram, nearly 26 cents per kilogram lower than last year. To date, over 11 percent of sales have gone under loan, compared to less than 1 percent at this point in the season last year.
United States Flue-Cured Auction Update
Through 20 Sale Days
August 20, 1997
| Tobacco Type | Gross Sales in Metric Tons | Average Price/Kilograms | Percent Loan Receipts | |||
|---|---|---|---|---|---|---|
1995/96 |
1996/97 |
1995/96 |
1996/97 |
1995/96 |
1996/97 |
|
| FL14 | 4,027 | 3,937 | $3.69 | $3.53 | 0.4 | 15.4 |
| GA14 | 21,509 | 19,090 | $3.71 | $3.54 | 0.1 | 7.4 |
| SC13 | 18,587 | 21,115 | $3.73 | $3.61 | 0.4 | 14.4 |
| NC13 | 15,951 | 15,422 | $3.73 | $3.48 | 0.2 | 14.9 |
| NC12 | 57,427 | 39,114 | $3.79 | $3.43 | 0.9 | 9.2 |
| VA11 | 7,586 | 6,911 | $3.78 | $3.57 | 0.1 | 11.6 |
| NC11 | 12,591 | 8,072 | $3.78 | $3.37 | 0.1 | 10.4 |
| TOTAL | 137,677 | 113,660 | $3.76 | $3.50 | 0.5 | 11.1 |
Source: Daily Market News Summary No.20
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