date:Feb 08, 2013
Increases in oil and fats prices offset lower cereals and sugar quotations while dairy and meat values remained substantially unchanged.
The pause in the Index's decline tallies with a significant upward revision in FAO's latest forecast for 2012 world cereal production. This is now estimated at 2 302 million tonnes - 20 million tonnes up on December's forecast, reports FAO .
FAO's monthly Cereals Supply and Demand Brief noted that the revision mostly reflects adjustments to maize production