NEWS
FAO Sees Strong 2013-14 Grain Output
Thu May 9, 2013 07:22 AM CDT

(Dow Jones) -- Global wheat and corn production is predicted to grow strongly in 2013-14, as most major growing regions are likely to recover from weather-related setbacks, the United Nation's food body said Thursday.

The Food and Agriculture Organization said it estimates global wheat production will reach 695 million metric tons, an increase of 5.4% from the year earlier and only around 6 million tons short of 2011's record level.

Much of this growth is expected to be concentrated in the European Union and Commonwealth of Independent States, the FAO said, driven by increased plantings in response to attractive prices ...

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