date:Jul 05, 2013
t by 2 million tonnes to 704 million tonnes, pointing to improving prospects in nearly all major producing countries with the exception of the United States.
The organisations also raised their estimates for maize output in 2013/14 to 972 million tonnes from a previous forecast of 963 million tonnes in June.
The fall in FAO's index was driven above all by a 4 percent drop in dairy costs from high levels reached in April and May, and a 3 percent decline in sugar prices on the back of improved s