Senior Vice President
Shipments on the April 2018 ABC Position Report recorded growth of 16.5% over prior year, totaling 176.4 million lbs (including an adjustment to prior YTD). Revised YTD shipments are now 193 million lbs and 12% ahead of last year’s pace.
Total domestic shipments are now up 10% over prior year while export markets are up 13%. China (21%), India (23%) and Western European shipments (12%) are all up double digits.
Uncommitted inventory drops to 445 million lbs, 10% below last April. When adjusting for the higher reject level, uncommitted is closer to 420 million lbs or 15% below last year…[Read More]