date:Nov 08, 2013
r a rebound in cereal production to record levels have weighed on prices this year.
In its biannual Food Outlook report published on Thursday, FAO said food markets were becoming more balanced and less price volatile than in recent years thanks to bigger supplies and a recovery in inventories.
FAO raised its forecast for world cereal output in 2013/14 to 2.498 billion tonnes, about 10 million tonnes higher than its estimate in October.
It increased its estimate for world wheat output in 2013/