WORLD AUCTION UPDATES:
Zimbabwe: Zimbabwes Tobacco Marketing Board reported that 145 million kg of flue-cured tobacco was sold after twenty weeks of the auction season for an average price of U.S.$2.96 per kilogram, down nearly 5 percent in volume and almost double in value for the same period a year ago. Leaf quality is described as good.
CCC Announces Changes In Flue-Cured Tobacco Price Support Differentials: USDAs Commodity Credit Corporation published its final rule in the Federal Register announcing changes to the flue-cured tobacco price support differentials effective for the 2002 crop. PR#1672.
USDA Announces Tobacco Referendum In Florida and Georgia: USDA announced that it had received 25 percent of the active flue-cured tobacco producers in the States of Georgia and Florida requesting a referendum among active flue-cured tobacco producers in each of those states. The referenda will be conducted from October 15 to October 19,2001. Results will determine whether or not USDA will permit the sale of flue-cured tobacco quota across country lines within the states of Florida and Georgia beginning with the 2002 crop. PR#1666.
U.S. AUCTION UPDATE
Flue-Cured: Through the twelfth week of the 2001 auction season, total flue-cured gross sales reached 177,879 metric tons at an average price of $4.19 per kg. This represents a 6-percent increase in price when compared to the same period a year ago. Loan receipts so far this season reached nearly 13.5 percent. Based on the effective quota, about 90 percent of the 2001 flue-cured crop has been sold at auction. For complete report go to www.ams.usda.gov/tob/mncs/index.htm.
Last modified: Wednesday, November 26, 2003