date:Sep 06, 2013
t 1.9 percent below July's level and the lowest since June 2012.
FAO said it expected global cereal production in 2013/14 to increase to a record 2.492 billion tonnes, up 0.5 percent from its July forecast and 7.7 percent higher than 2012 output.
FAO senior economist Abdolreza Abbassian told Reuters the prospect of bumper crops was now factored in by markets, so the rate of price declines may ease in coming months.
We are almost at the bottom. Further declines are likely to be much less than