date:May 14, 2013
s expected in India and Indonesia.
Cereal utilisation
Despite the expected production increases, FAO expects world cereal utilisation to stagnate in 2012/2013, constrained by rising grain prices and faltering ethanol demand. Global cereal utilisation 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 one per cent (five million tonnes) from the previous forecast,