Tobacco Crop Forecast Edges Up Despite Yearly Decline
The Agriculture Department reports a 3 percent rise from last month in the national tobacco crop forecast, totaling 1.89 billion pounds but still down 11 percent from the previous year. Burley production is steady at 639 million pounds, flue cured rises to over 1.09 billion pounds, with harvest lagging about two weeks and acreage at 965,100. Northern states show reduced yields and shifts in regional estimates.
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