date:Oct 26, 2012
wever, while relatively upbeat on prospects for raw sugar futures, seeing a return to 21.0 cents a pound early in 2013 thanks to greater competition with ethanol for cane supplies, the bank was at best neutral on other soft commodities.
In coffee, production and consumption forecasts point to a production surplus ? global stocks will be rebuilt.
In the fourth quarter of 2012 coffee prices will remain at current levels. In 2013, prices will decline slightly.
Conflicting forces
Cocoa futures