date:May 10, 2013
nes) below their opening levels.
A sharp fall in world cereal trade is expected in 2012/13, involving all major cereals. At 304.4 million tonnes, it would be almost 1 million tonnes larger than forecast last month, but still representing a decline of about 4 percent (13 million tonnes) from 2011/12.
FAO's Food Price Index rose for the second month running in April, climbing one percent, or two points.
As in March, last month's increase was driven almost exclusively by a sharp rise in dairy