date:Jul 21, 2023
ty, says Stuhr. Nobody wanted to be shipping too early and have quality issues, especially with product thats much more expensive than in the past.
Indeed those reduced supplies have meant pricing has reached over $30 FOB Brazil. Last year at this time, pricing was at $16-$18 FOB. The growers in Brazil got together and raised the prices because of the low supply. We dont think the market is really willing to pay all of that and thats why its moving slowly, says Stuhr, noting that demand is stea