FAO Food Price Index falls 1 per cent due to lower cereal, oil prices
date:Nov 12, 2012
demand.

The 2012/13 oilcrop season is opening under the legacy of a tight 2011-12 balance and a disappointing soybean crop in the United States. Current supply and demand forecasts for the new season provide limited scope for a relaxation in prices - at least until prospects for record South American soy crops are confirmed.

New record for sugar too

World sugar production is forecast to reach a new record, more than covering projected global sugar consumption. Large export availabilities in
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