Once subsidies are withdrawn it's no longer economical for the farmers there to export. Internationally you are having the two exporters -- Brazil and European Union -- reducing their exports and therefore we think international prices will remain strong. |
Once subsidies are withdrawn, it's no longer economical for the farmers there to export. Internationally you are having the two exporters, Brazil and European Union, reducing their exports and therefore we think international prices will remain strong. |
We expect the inventory level will be lower this year and that's good news from the pricing point of view. |