date:Oct 08, 2012
abobank International, said in a report on Sept. 19. Grain and oilseed prices should remain at elevated levels for at least the next 12 months to ration demand and encourage crop farmers to boost planting, he said.
We do not anticipate food prices peaking or a food crisis at this stage because crude-oil costs are lower than in 2008 and rice supplies are abundant, Konuma said.
The FAO forecasts world grain production will fall to 2.29 billion metric tons this year from 2.35 billion tons in 2011