date:Jun 14, 2013
A likely replenishment in world cereal stocks could lead to easing prices in the new season, the Food and Agriculture Organization (FAO) said in its biannual Food Outlook report.
Worldwide cereal use is expected to rise 3 percent to 2.402 billion tonnes in 2013/14, FAO said. Much of the growth will come from higher use of maize for feed and industrial purposes in the United States, it added.
World cereal inventories at the end of the season in 2014 are set to rise by about 11 percent to 569 mi