date:Feb 28, 2019
in 2017-18 is expected to decrease to around 5 million tonnes this year, with a 6-million-tonne deficit expected in 2019-20. But high global stocks will limit price gains, he said, citing a global stocks-to-use ratio near 30%. A ratio between 20% and 25% would be more likely to support prices, he said.
Production in Thailand has come down from a record high 14.5 million tonnes in 2017-18, Mr. Fessler said, estimating 2018-19 production at 14 million tonnes and forecasting outturn in 2019-20 at