date:Sep 11, 2012
atio for grains is about 20% rather more comfortable than we saw in 2007-08. Meanwhile, maize stock-to-use is at an historic low of 13%, and even lower in the United States.
Given that the US accounts for more than 40 per cent of world exports of maize, that's a significant development, he said.
The overall index stayed at 213 in August, well below the peak of 238 reached in February 2011, and was 18 points below the 231 level of August last year.