cereal market News
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World food prices stay high, but steady
The FAO Food Price Index averaged 206.7 points in December, nearly unchanged from the previous month, with a sharp increase in dairy prices and high meat values balancing out a steep decline in sugar quotations and lower cereal and oil prices. For 2013 as a whole, the index averaged 209.9 points - down 1.6 percent from 2012, and well below 2011's peak of 230.1, but still the third highest annual ...
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More balanced food commodity markets seen in 2013/14
Food commodity markets, in particular for cereals, are set to be more balanced in 2013/14, according to FAO's Food Outlook report published today. World food imports in 2013 are tentatively forecast at $1.09 trillion, close to last year's level, but 13 percent below the record of 2011, the biannual report on global food markets said. Higher bills for fish and livestock products are anticipated ...
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World cereal production set to jump 8 percent this year
The outlook for global cereal supply in the 2013/14 marketing season remains generally favourable despite downward adjustments to forecasts for world cereal production and closing stocks, according to the latest issue of FAO's quarterly Crop Prospects and Food Situation report. Despite this downward adjustment, world cereal production would still surpass the 2012 level by nearly 8 percent. ...
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