date:Jul 03, 2012
million tonnes, down 9 million tonnes from the May projection, down 17 million tonnes, or 9%, from 199 million tonnes in 2011-12 and the smallest year-ending inventory since 173 million tonnes in 2008-09. The I.G.C. noted most of the decline in ending stocks compared with 2011-12 would take place in the major exporting nations.