date:May 10, 2013
in India and Indonesia.
Despite the expected production increases, world cereal utilization is expected to stagnate in 2012/2013, constrained by rising grain prices and faltering ethanol demand. Global cereal utilization is now forecast to be 2 332 million tonnes, roughly unchanged from the 2011/12 level.
World cereal stocks by the close of seasons ending in 2013 are forecast at 505 million tonnes, up 1 percent (5 million tonnes) from the previous forecast, but some 3 percent (16 million ton