date:Jun 08, 2012
world cereal crop forecast by 48.5 million tonnes to a record 2,419 million, up 3 percent from 2011. The organization said the upward revision was based on the prospective large US corn crop, still early in its growing season.
In a breakdown of the food price index by sector, the FAO meat index in May was 179, down 0.5 percent from April and down only 1.3 percent from the peak of 181 set in November 2011. The cereals price index was 221, down 1.1 percent from April and down 17 percent from the