date:Aug 12, 2013
ting production growth and, in some cases, a build-up of domestically produced meat inventories.
The FAO Sugar Price Index averaged 239 points in July, down 3.6 points (1.5 percent) from June. Sugar prices declined for the fourth consecutive month in July, on the back of anticipated large surplus production in major producing areas, notably in Brazil, the worlds largest sugar producer and exporter. Declining ethanol prices in Brazil also provided an incentive to convert more sugarcane into su