date:Nov 21, 2012
rade in 2013 will reach 37.5 million tonnes (milled basis), marginally above the estimate for 2012, which was recently raised by more than 3 million tonnes to 37.3 million tonnes (milled), 2 percent more than in 2011 and an all-time record. The higher trade volume reflects expectations of large draw-downs from the huge inventories held by exporting countries as they make space for new crops.
In particular, Thai sales, either through private traders or government to government deals, are forecas