date:Jun 07, 2013
Maize production is expected to rise by 10 percent in 2013 while wheat output is set to hit a new record, according to the U.N.'s Food and Agriculture Organization (FAO) and the AMIS agricultural body.
Prices will be under downward pressure, said FAO senior economist Abdolreza Abbassian, adding however, that declines would be limited by strong demand and were unlikely to drop back to levels seen before a food price spike in 2007/08.
FAO's price index, which measures monthly price changes fo