date:Mar 11, 2013
According to FAO, the production hike is expected mostly in Europe, driven by increased plantings in response to high prices and a recovery in yields in some countries, notably the Russian Federation.
The outlook in the United States, while less favourable because of earlier drought conditions, has improved somewhat over the last few weeks.
Meanwhile, the recently lower prices of wheat and, to some extent, maize kept the FAO Food Price Index unchanged at 210 points for the second consecutive m