date:Jan 22, 2014
ind Octobers run-up in prices, explains Rabobank Analyst Andy Duff.
However since then import demand has eased, the Copersucar fire was less disruptive than initially thought, favourable weather in Brazils Central and Southern regions, and the strengthening of the US dollar combined to keep prices under pressure through November and December.
Rabobanks latest projection of the global supply/demand balance for 2013/14, as outlined in the report, points to a fourth consecutive global surplus of