FAO Pegs World Wheat at 690MMT
Thu Mar 7, 2013 09:39 AM CST

(Dow Jones) -- The United Nations' food body said Thursday it expects world wheat production in 2013-14 to increase 4.3% on the year, to 690 million metric tons, as high prices spark an expansion of area in Europe and yields recover from drought in Russia.

The Food and Agriculture Organization said its first forecast is for the second-largest crop on record after 2011's, with aggregate plantings in the European Union seen up 3% on the year, amid generally favorable weather conditions.

The FAO added that prospects are also satisfactory in Russia, with a decrease in winter plantings expected to be ...

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