The ABN AMRO Bank N.V Agricommodities Monthly is produced by VM Group for ABN AMRO Bank N.V. As well as incisive commentaries, interviews and analyses of key global events in the soft commodity and agricultural markets, it also features a page of comprehensive news, analyses and data for each of the following: cocoa, coffee, sugar, edible oils, cotton, grains and frozen orange juice.
The report will be available on a complimentary basis, from the middle of each month, or email us to be added to our direct mailing list.
On a rolling quarterly basis the report will consider the cocoa, coffee and sugar markets in more detail. The report will be available on a complimentary basis from towards the start of each month.
The July issue is a Cocoa Quarterly. Our estimate for the 2009-2010 global supply-demand outlook is a deficit of 88,000t (unchanged from our previous report in June). We have revised lower by 25,000t our estimate for the global position in 2010-2011, implying a statistical surplus of 47,000t (against an estimated 72,000t surplus in our June report). The reduction to our previous forecast is entirely attributable to the forthcoming Ivory Coast main crop and is related to current weather uncertainties there. In addition, the report each month carries an informative commodity-related feature. In July we turn the spotlight on the severe drought that is afflicting the Black Sea region.
For archived agricommodities reports, click here.
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