date:Dec 28, 2012
abobank Food Agribusiness Research and Advisory analyst commented: Given the changes in the outlook for individual countries in Q3most notably in Brazilour overall assessment of the global supply/demand balance points to a higher surplus for 2012/13 than our Q3 projection.
A strong finish to Centre/South Brazil's 2012/13 campaign is causing prices to test the lower limit of their recent range of 19 to 22 c/lb. Meanwhile, there continues to be discussion of an increase in Brazilian gasoline pri