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WORLD DEVELOPMENTS
Cuba: Local sources reported that cigar production reached 20 million units and exports surpassed 31 million cigars in 1999. Cigar production is estimated to increase to 28 million units in 2000. Local sources also reported that a new brand of cigar destined for export will be unveiled in the later part of this year.
Canadian Flue-Cured Auction Update: Through the 87th sale day of the 1999/2000 Canadian flue-cured tobacco marketing season, the Ontario Flue-Cured Tobacco Grower’s Marketing Board reports that 55,975 metric tons of flue-cured tobacco have been sold as compared to 52,621 tons for the same period last year. This is a 6-percent increase in sales compared to the same period last year. Prices in Canadian currency are averaging $3.54 (US$2.42) per kilogram, slightly lower than last year. So far this year, sales of "A" graded leaves account for nearly 69 percent of purchases, unchanged from last year.
India Auction Update: The Mysore Auction sales of the 1999 flue-cured crop reported sales and prices up by 40 percent and nearly 69 percent, respectively. So far 50 percent or 27.70 million kilograms of the 1999 Mysore flue-cured production have been sold. Prices are averaging Rs. 49.50 (US$1.13). During the same period last year only 19 million kilograms of flue-cured leaf were sold and prices averaged Rs. 29.80 (US$0.75). The Mysore Auction is expected to close March 15th. The Andhra Pradesh Auction is scheduled to open February 20th.
U.S. DEVELOPMENTS
USDA Announces Provisions of the 2000-Crop Burley
Tobacco Program and No-Net-Cost Assessments.
For complete reports go to FSA
PR#1423
Lease and Transfer of Burley Quota Across Country
Lines-Referendum Results.
For complete report go to FSA
PR #1424
USDA Seek Comments on 2000 Marketing Quotas for 5
Kinds of Tobacco.
For complete report go to FSA
PR#1435
U.S. Burley and Dark Leaf Tobacco Auction Update:
The 1999/2000 U.S. burley tobacco auction market ended in
mid-February. Sales of type 31 burley tobacco totaled 255,995
metric tons, down 10 percent from last year. Prices averaged
$1.89 per pound, a slight decrease from the same period last
season. Loan receipts reached 38 percent as compared to nearly 11
percent last season. Approximately 98 percent of the 1999 burley
crop was sold at auction.
For the complete report go to the AMS market news reports- Tobacco
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