date:Mar 14, 2016
onnes, down 6.1% month on month, but ahead of market expectations of a figure of 2.10m tonnes.
It looks like it is the higher-than-expected stocks figure which has caused prices to pull back a little bit, said Edward Hugo at London broker VSA Capital, told Agrimoney.com, adding that stocks do still remain about 25% ahead of last year.
The, relatively, buoyant February stocks figure represented in part a drop in exports of 15.2% month on month, to 1.09m tonnes, a touch below market expectations