date:Jul 04, 2014
by a more favourable production outlook for maize, almost 1 percent higher than it reported in May but still 1.4 percent down from 2013.
The FAO revised its estimate for world cereal stocks at the close of the crop season ending in 2015 to 604 million tonnes, up 28 million tonnes from the previous estimate. This would represent a 5.3 percent jump from the 2013-2014 season and the highest level for more than a decade.
Vegetable oil prices fell 2.4 percent in June, year-on-year, as prices of pa