date:Dec 06, 2013
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In its twice-yearly Food Outlook report published last month, FAO said food markets were becoming more balanced and less price volatile than in recent years thanks to bigger supplies and a recovery in inventories.
On Thursday FAO said it expected world cereal stocks of 572 million tonnes at the end of the 2014 crop seasons, up 13.4 percent from the year before.
It forecast 2013/14 world cereals output at 2.5 billion tonnes, up a marginal 2 million tonnes from its forecast in November, and