date:Jul 04, 2014
anuary, as cereal prices fell on better crop prospects and reduced concern over disrupted shipments from Ukraine.
The FAO's cereal price index averaged 196.2 points in June, down 10.9 points or 5.2 percent from a revised 207.0 points in May, mainly due to falls of almost 7 percent in wheat and maize.
The U.N. agency raised its forecast for global cereal production for 2014 by 21.5 million tonnes, compared with a previous forecast given in May, to 2.478 billion tonnes.
The forecast was boosted