date:Dec 20, 2012
tle prices denominated in U.S. dollars. In a year-over-year comparison, the Index is beginning December down 11% from where it began in November.
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 U.S., said Rabobank Analyst Guilherme Melo. On the demand side of the equation, the broader picture points to another year of relatively weak consu