date:Nov 08, 2013
by 7 percent and 3 percent respectively.
The expansion in world cereal stocks would result in the global cereal stocks-to-use ratio reaching 23 percent, well above the historical low of 18.4 percent in 2007/08.
In 2013, the world food import bill is set to decline by 3 percent to $1.15 trillion, with import costs of cereals, sugar, vegetable oils and tropical beverages falling, but dairy, meat and fish remaining firm, according to FAO's latest Food Outlook.
Food prices rise slightly
The FA