date:Aug 04, 2012
ises would be inevitable as supply was reduced, he said:It is not looking promising in terms of reduced output.
And Caroline Bain, senior commodities editor/economist at the Economist Intelligence Unit said: some upward pressure on food prices, particularly of staples and potentially meat was expected.
She said:The droughts in the US and Russia/Kazakhstan and parts of the southern hemisphere have led us to revise down our estimates of global production of maize, in particular, but also soybean