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WORLD DEVELOPMENTS
Turkey: Oriental production in 2002 is forecast to total 160,000 metric tons, down 2 percent from the previous year. The 2-percent drop is due to a marginal decline in domestic consumption for oriental tobacco. Oriental exports are projected to decline by 5 percent because of lower cigarette consumption in the western world and economic difficulties in the F.S.U. countries. TU1045
Canadian Flue-Cured Auction Update: Through the 19th sale day of the 2001/02 Canadian flue-cured tobacco marketing season, the Ontario Flue-Cured Tobacco Growers Marketing Board reports that 5,753 metric tons of flue-cured tobacco have been sold. This represents a 35-percent increase in volume when compared to the same period last year. Prices in Canadian currency so far this year are averaging $3.63 (US$2.29) per kilogram, up from $3.59 (US$2.27) per kilogram last year. So far this year, sales of grade "A" leaves account for almost 66 percent of purchase, down 4 percentage points from the same period last year.
U.S. DEVELOPMENTS
U.S. Industry Buys 351 Million pounds of 2000 Flue-cured Tobacco: The U.S. Department of Agriculture announced that U.S. cigarette manufactures purchased 351.4 million pounds ( farm sales weight) of flue-cured tobacco from July 1, 2000, through June 30, 2001, compared to 357.9 million pounds in the 1999-2000 marketing year. FSA PR#1684.htm
USDA Announces Importer Assessment Rates for Burley Tobacco: The U.S. Department of Agriculture announced the assessment rate on unmanufactured burley tobacco imported for consumption at 2 cents per pound or 4.4092 cents per kilogram effective on October 1,2001. FSA PR#1683.01.htm
U.S. Flue-Cured Auction Update: Through the 14th week of the 2001 auction season, total flue-cured sales reached 764,623 pounds at an average price of $195.71 per hundred. Loan receipts so far this season reached nearly 13.3 percent of gross flue-cured sales compared to 4.6 percent for the 2000/2001 marketing year. Based on the effective quota, about 97 percent of the 2001 flue-cured crop has been sold at auction. For complete report go to AMS.MNCS/index.htm
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