- As this nightmare crop shortage became apparent over the first 5 months or so of 2017, so many buyers formulated their plans to drop brazils – for this season only and for some, even further than that
- Having now passed the period in which a late frost can still seriously affect the developing crop in Turkey, we can now start to look with more confidence at the possible forward volumes.
- With Turkey predicting a new crop of 280,000mts +/- (v 310,000mts this year), current crop stock holders have withdrawn and/or reduced the volume of their offers but set to higher prices.
Mark Setterfield – July 2017
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