Philippines: The National Tobacco Administration raised prices for all grades of Virginia, burley, and dark air-cured tobacco varieties for crop year 2002 to 2005 in order to encourage farmers to increase leaf production. Total tobacco production is expected to reach 76,264 metric tons in 2002, up 10.2 percent from the previous year. RP 2057.
WORLD AUCTION UPDATES:
Zimbabwe: Zimbabwe’s Tobacco Marketing Board reported that 259 tons of flue-cured was sold after eighteen weeks of the auction season for an average price of U.S. $2.19 per kilogram. This is down 5 percent in volume and up 43 percent in value from the same period a year ago.
USDA Announces Importer Assessment Rates For Burley Tobacco: USDA announced the assessment rate on unmanufactured burley tobacco imported for consumption. The burley tobacco importer assessment rate is 2 cents per pound or 4.4 cents per kilogram. PR#1635.02
U.S. AUCTION UPDATE
Flue-Cured: Through the eight week of sales of the 2002 season, gross flue-cured sales reached 406 million pounds, including contracted sales, at an average price of $1.81 per pound. This compares to 478 million pounds valued at $1.85 per pound for the same period in 2001. Based on the effective production quota, about 74 percent of the 2002 flue-cured crop has been sold. www.ams.usda.gov/tob/mncs/index.htm.
Last modified: Wednesday, November 26, 2003