Key Messages

·       Record global harvests are projected for 2013/14 for all the main cereals.

·       Spot prices of maize and wheat have fallen to US$200 a tonne for maize and US$335 a tonne for wheat — now US$142 and US$47 a tonne below their respective peaks in 2012.

·       Thai export rice prices have also been falling. Thai A1 Super was US$178 less than February, at US$406 a tonne in October. Rice from other exporters is even cheaper: Vietnamese 25% B was US$362 a tonne in September 2013      

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