|
|
|
|
|
|
WORLD DEVELOPMENTS
Poland: The processed tobacco
import quota for 2002 was reduced from 1,300 tons to 300 tons. Tariffs for
processed tobacco remain at 55 percent for within quota imports and 230 percent
for out-of-quota imports for WTO members. This
75-percent reduction will result in a significant cost increase to cigarette
manufacturers that import ingredients not produced in Poland. Sources
expected that the reduced import quota may result in increased leaf shipments by
Poland. PL2003
Canadian Flue-Cured Auction Update: Through the 76th sale day of the 2001/2002 Canadian flue-cured tobacco marketing season, the Ontario Flue-Cured Tobacco Growers’ Marketing Board reports that 36,909 metric tons of flue-cured tobacco have been sold. This is a 14-percent decrease in sales compared to the same period last year. Prices in Canadian currency are averaging $3.91 (U.S. $2.41) per kilogram, up 2 percent from a year ago. So far this year, sales of “A” graded leaves account for 72 percent of purchases, down 4 percentage from last year.
U.S. DEVELOPMENTS
U.S. Industry Buys 225.8 Million Pounds of 2000 Burley Tobacco: USDA announced that U.S. cigarette manufacturers purchased 225.8 million pounds (farm sales weight) of burley tobacco from October 1, 2000 through September 30, 2001, compared to 241.9 million in the 1999-2000 marketing year. PR#1419.02.htm
U.S. Tobacco Industry to Buy 227.43 Million Pounds of 2002 Burley Tobacco: USDA announced that U.S. cigarette manufactures plan to purchase 227.43 million pounds (farm sales weight) of 2002 burley tobacco. PR#1415.02.htm
U.S. Burley and Dark Leaf Tobacco Auction Update: Through the eighth week of the burley tobacco auction season prices were fairly steady and quality showed slight improvements from the first week. Growers placed 6.6 percent of the gross sales under loan so far this season compared to 7.5 percent a year ago. Approximately 90 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 326 million pounds, averaging $1.67 per pound. AMS.MNCS/index.htm
|
|