In our first Quarterly of 2018, we already noted that the world was expecting big crops in India and Thailand. Now, as the second quarter of the year draws to a close, it is clear that we were wrong. These crops haven't been merely big, they have both been enormous. As a result, our latest projection of the global supply demand balance for 2017/18 (October-September) stands at 10.5m tonnes, raw value, almost 3.0m tonnes above our Q1 2018 projection, and almost exclusively due to upward revisions of Thai and Indian outputRead more
Voluntary sustainability standards in agriculture are growing in number and...