(Bloomberg) -- Universal Corp., the world's biggest
tobacco-leaf merchant, slashed its forecast for global
production of burley tobacco by 5.9 percent after reassessing
crop estimates for Malawi and Mozambique.
The company, based in Richmond, Virginia, forecast a world
burley tobacco crop of 657 million kilograms (1.45 billion
pounds) this year in an e-mailed report on June 22. That
compares with a forecast of 698 million kilograms made last
month.
Read more at Bloomberg Commodities News
tobacco-leaf merchant, slashed its forecast for global
production of burley tobacco by 5.9 percent after reassessing
crop estimates for Malawi and Mozambique.
The company, based in Richmond, Virginia, forecast a world
burley tobacco crop of 657 million kilograms (1.45 billion
pounds) this year in an e-mailed report on June 22. That
compares with a forecast of 698 million kilograms made last
month.
Read more at Bloomberg Commodities News
