date:Oct 22, 2012
ation is set to increase by 1.2% to 474 million tons, resulting in stable per caput food consumption.
The forecast for world cereal stocks at the close of crop seasons ending in 2013 now stands at 499 million tons, down 4 million tons from September and as much as 5% (28 million tons) from their opening level. This months downward revision reflects the worsening of the global production outlook. Compared with the previous season, the fall in world inventories would stem from lower wheat and co