date:Feb 06, 2013
corn funds had grown along with the shortage although the markets are now starting to ease.
The European market has been seeing similar drops in production - down by 10 million tonnes and this is likely to have a knock-on effect on the entire European grain market.
The main areas to see a drop in maize production in Europe are the southern and eastern European states, with Italy showing a drop from 9.8 million tonnes in 2011 to 6.8 million tonnes this year, Ukraine dropping from 22.8 million