date:Dec 29, 2015
vement will take place, but the market remains volatile.
While there are signs of a recovery, particularly in China, we still need the imbalance between supply and demand to correct.
That imbalance is starting to reduce with year to date production in the US up by only 1% and slowing, and New Zealand volumes expected to be down by at least 6% over the current season.
In the EU, however, farmers are continuing to push production, currently up 1%.
Rabobank
Rabobank expects the brakes will be a