Universal spies end to oversupply

摘要

There are signs that the global leaf market is moving toward a more balanced position following more than a year of oversupply. In announcing Universal Corp.'s financial results for its first quarter, which ended June 30, chairman, president and CEO George C. Freeman III said that, as the leaf industry entered the second year of global leaf oversupply, it was seeing progress in moving toward more balanced markets. "Production has come down in most origins," he said. "Burley tobacco supply is now balanced, while supply continues to exceed demand for certain qualities and stalk positions of flue-cured tobacco.