date:Jan 16, 2013
ber. In 2012 as a whole, the index averaged 241, or 2.4 per cent below 2011.
After surging between July and September 2012 due to production uncertainties and tightening supplies, cereal export prices dropped because of weaker demand for feed and industrial uses.
In December, maize prices fell sharply as large export supplies in South America relieved market pressure. Rice prices also dipped in December on expectation of good harvests, but wheat values changed little as trade remained subdue