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THE TOBACCO 
OUTLOOK for 1947 
Flue-cured tobacco production of 1,304 
million pounds broke all records and when 
added with July 1 stocks in the hands of 
dealers and manufacturers, 1,147 million 
pounds (farm-sales weight), the total sup- 
ply for the 1946-47 marketing year is 2,451 
million pounds. This is about 151 million 
pounds higher than for the preceding year. 
Prices paid for types 13 and 14 this market- 
ing season indicate the strong demand for 
flue-cured tobacco. Average prices are well 
above 1945 levels with considerably greater 
range of prices offered according to grade. 
The extent of the plantings in 1947 will be 
largely based on quotas and allotments, 
which were approved overwhelmingly by 
referendum for the three marketing years 
1947, 1948, 1949. 
1946-47 Marketing Year 
Disappearance To Be Large 
Disappearance of flue-cured tobacco dur- 
ing the past year has been at high levels. 
Domestic disappearance for the year ending 
June 30, 1947, is expected to exceed that of 
last year, but as a result of this year’s large 
crop, the carry-over next July is expected to 
be from 1,225 to 1,250 million pounds (farm 
sales weight) or 75 to 100 million pounds 
greater than July 1, 1946, stock. 
cigarette production at the current rate will 
utilize a large volume of flue-cured tobacco 
in the next few months. This high level of 
cigarette production is in accord with high 
employment and income levels. Exports of 
flue-cured tobacco are also expected to ex- 
ceed those of 1945. The loan to Britain and 
ability of other countries to import tobacco 
will be the principal influencing factors in 
the quantity of tobacco exported. 
(This article reprinted from the September, 1946 issue of ‘“‘The 
Tobacco Situation,’’ published by the Bureau of Agricultural 
Economics, U. S. D. A.) : 
