The company noted that, as we are approaching the halfway point of the 2011/12 international crop year, prices remain fairly well supported, largely owing to a perceived shortage of export availability against import demand in the early part of 2012. It is expected that by the second half of 2012, when the Indian and Thai harvests will be over and the new campaign in Brazil's Centre/South will be underway, the 2011/12 global surplus will weigh more heavily on international prices.
