(Bloomberg) -- Universal Corp., the world's biggest
tobacco-leaf merchant, lowered its forecast for global
production of flue-cured tobacco after a drought cut plantings
in the U.S. states of Georgia and Florida.
The company, based in Richmond, Virginia, forecast a crop
of flue-cured tobacco, the top grade of the leaf, of 3.85
billion kilograms (8.49 billion pounds). That's 1.8 percent
lower than last month's forecast, the company said on its Web
site in a report dated May 18.
Read more at Bloomberg Commodities News
tobacco-leaf merchant, lowered its forecast for global
production of flue-cured tobacco after a drought cut plantings
in the U.S. states of Georgia and Florida.
The company, based in Richmond, Virginia, forecast a crop
of flue-cured tobacco, the top grade of the leaf, of 3.85
billion kilograms (8.49 billion pounds). That's 1.8 percent
lower than last month's forecast, the company said on its Web
site in a report dated May 18.
Read more at Bloomberg Commodities News
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