According to the Netherlands cooperative Banks last weekend, said the latest report released early 2011 food prices could rallied and tight supplies means unusually fierce competition will be cultivated land, not only in the USA, but is a global.
Since the summer grain supplies appear insufficient, global barley, corn and wheat inventory of quantity ratio will drop to 17.2 2007/2008, its lowest level since, when prices surged to a record high.
The Netherlands cooperative Banks, said 2011/2012 annual global grain production must hit a record high, in order to curb global abnormally low grain inventory consumed. It says, corn will face the most intense farmland competition. 2011/2012 annual maize seeding area 210 million hectares. Must increase Expect the global corn inventory of quantity ratio will abnormally low, only 13.9%, U.S. corn final inventory will drop to 1995 / annual lowest level since 1996.
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