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WORLD DEVELOPMENTS
Indonesia: Leaf demand is forecast to decline by nearly 7 percent in 2002 from the previous year because of a decrease in cigarette sales. Cigarette sales are expected to drop because of increasing prices set by the government. ID2023.
Zimbabwe: Zimbabwe’s Tobacco Marketing Board reported that 341 tons of flue-cured was sold after twenty three weeks of the auction season for an average price of U.S. $2.26 per kilogram. This is down 11 percent in volume and up 30 percent in value from the same period a year ago.
Canada Flue-Cured Auction Update: Through the 21st sale day of the 2001/02 Canadian flue-cured tobacco marketing season, the Ontario Flue-Cured Tobacco Growers Marketing Board reports that 8,353 metric tons of flue-cured tobacco have been sold. This represents a 45-percent increase in volume when compared to the same period last year. Prices in Canadian currency so far this year are averaging $3.80 (US$2.41) per kilogram, up from $3.63 (US$2.27) per kilogram last year. So far this year, sales of grade “A” leaves account for almost 71 percent of purchase compared to 66 percent of purchase for the same period last year.
U.S. DEVELOPMENTS
Flue-Cured: Through the eight week of sales of the 2002 season, gross flue-cured sales reached 541.8 million pounds, including contracted sales, at an average price of $1.82 per pound. This compares to 551.2 million pounds valued at $1.85 per pound for the same period in 2001. Based on the effective production quota, about 93 percent of the 2002 flue-cured crop has been sold. www.ams.usda.gov/tob/mncs/index.htm.
Last modified: Wednesday, November 26, 2003 |