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Manufacturing > Tobacco
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Universal lowers 2016 crop year forecasts

Universal Corp lowered forecasts for the current crop year, saying adverse weather should lower flue-cured output by 11 per cent this year (excluding China) and burley production by 6 per cent.

By fiscal year 2017, the independent leaf merchant said it expects the production declines due to weather and reduced planting will bring world markets “largely into balance.” Through nine months ended 31 Dec, Universal sales of flue-cured and burley fell to USD 1.2 billion (EUR 1.1 billion)...

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