Global Grain Markets Tighten - FAO Cereal Supply and Demand Brief
Continued deterioration of cereal crop prospects over the past two months, due to unfavourable weather conditions in a number of major producing regions, has led to a sharp cut in FAO’s world production forecast since the previous report in July. Based on the latest indications, global cereal production would not be sufficient to cover fully the expected utilization in the 2012/13 marketing season, pointing to a larger drawdown of global cereal stocks than earlier anticipated.
11 September 2012
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