date:Dec 28, 2012
result of the projected surplus in 2012/13, the global stocks-to-consumption ratio for 2012/13 is forecast to be equal to its 10-year average level.
This quarter also saw the breaching of the ethanol floor by NY futures on 10 December, when sugar prices slipped below their anhydrous ethanol equivalent price.
Ethanol exports from Centre/South Brazil for Apr to Nov 2012 are 73 per cent above the previous years shipments, with the increase completely driven by higher (+300 per cent) anhydrous et