USDA: USDA issues 1998 price support grade loan rates for Virginia fire- and sun-cured tobaccos.

0 Comments | M2 Presswire, November, 1998

M2 PRESSWIRE-24 November 1998-USDA: USDA issues 1998 price support grade loan rates for Virginia fire- and sun-cured tobaccos (C)1994-98 M2 COMMUNICATIONS LTD RDATE:231198 The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today issued price support grade loan rates for the 1998-crop Virginia fire-cured, type 21 and Virginia sun-cured, type 37 tobaccos.

The grade loan rates for Virginia fire-cured tobacco are based on the average support level of $1.536 per pound, compared with a price support level of $1.498 per pound for the 1997 crop. The grade rates will range from 87 cents to $1.97 per pound. Tobacco graded N1L, N1D, N1GL, N1GD, N2 (substandard nondescript), "W" (doubtful keeping order), "No-G" (no grade), "U" (unsound), or...

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