date:Jan 11, 2013
nt international economy, helped ensure the price spike was short-lived and calmed markets so that 2012 prices ended up below the previous years levels.
The F.A.O. Cereal Price Index was at 249.6 points in December, down 2%, or 6 points, from November. In 2012 as a whole, the Cereal Price Index averaged 241.
After surging between July and September 2012 due to production uncertainties and tightening supplies, cereal export prices dropped because of weaker demand for feed and industrial uses, t