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14 Oct 2008 description

HIGHLIGHTS

- World cereal production in 2008 is forecast to increase 4.9 percent to a record 2 232 million tonnes, considerably up from earlier predictions after better than expected results from the major harvests gathered in the past two months.

- Based on the latest production forecast, a significant improvement in the global supply and demand balance for cereals in the 2008/09 season can be expected.