date:Dec 17, 2012
cember down 11% from where it began in November.
Commenting on the outlook for 2013, Rabobank analyst Guilherme Melo said: We expect to see global supply hovering around 2012 levels, with minor ups and downs being determined by the extent to which the increase in Southern Hemisphere will outpace the reduction in Europe and the US.
On the demand side of the equation, the broader picture points to another year of relatively weak consumption on the back of the still sluggish economy, as world