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FAO Predicts 2.6% Drop in Global Cereal Supply
date:Oct 22, 2012
1.154 million tons in 2012/13, also down slightly from the previous season, with most of the reduction reflecting a decline in maize utilization to 866 million tons, down nearly 1% from the revised estimate of 874 million tons in 2011/12. The decline in maize consumption reflects an anticipated contraction in industrial usage of maize, largely because of an anticipated drop of 10% (13 million tons) in the crop usage for production of biofuels in the United States. By contrast, world rice utiliz

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