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WORLD DEVELOPMENTS
Canadian Flue-Cured Auction Update: Through the 55th sale day of the 2001/2002 Canadian flue-cured tobacco marketing season, the Ontario Flue-Cured Tobacco Growers’ Marketing Board reports that 26,240 metric tons of flue-cured tobacco have been sold. This is a 24-percent decrease in sales compared to the same period of last year. Prices in Canadian currency are averaging $3.81(US$2.41) per kilogram, up 11 percent from a year ago. So far this year, sales of "A" graded leaves account for 72 percent of purchases, up from 66 percent last year.
U.S. DEVELOPMENTS
U.S. Tobacco Industry To Buy 310 Million Pounds of 2002 Flue-Cured Tobacco: USDA announced that U.S. cigarette manufacturers plan to purchase 310 million pounds (farm sales weight) of 2002-crop flue-cured tobacco. In 2001, manufacturers’ intended purchases totaled 297 million pounds. 1739.01. htm
Provisions of the 2002-Crop Flue-Cured Tobacco Program: The U.S. Department of Agriculture announced that the national marketing quota for the 2002 crop of flue-cured tobacco is 582 million pounds, up from the 2001 quota of 548.9 million pounds. 1665.htm
Auction Reports:
2000/2001 U.S. Burley Auction Update: Through the fifth week of the burley tobacco auction season prices were fairly steady. Growers placed 6.9 percent of the gross sales under loan so far this season compared to 7.3 percent a year ago. Approximately 65 percent of the effective quota has been sold at auction. Total gross sales (auction and contract sales combined) of U.S. burley tobacco (type 31) reached 237 million pounds, averaging $1.97 per pounds. AMS.MNCS/Index.htm
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