date:Jun 06, 2014
ry prices due to reduced buying in China and Russia and an extended season in New Zealand that boosted stocks. Dairy prices continued to fall in May, by 12 points from the previous month.
FAO's cereal price index was lower at 204.4 points, a 2.4 point decrease from the previous month. The agency raised its world cereal production forecast for nearly 2.48 billion tonnes, almost 1 percent higher than it reported the month before.
This would be 1.4 percent lower than 2013's record world output bu