The reduction stems mainly from a 22.4 million tonne downward revision to the 2019-20 maize utilisation, mostly in the United States of America and China, reflecting a sudden slowdown in feed and industrial demand.
It added that localised disruptions, largely due to logistical issues, pose challenges to food supply chains in some markets and their anticipated duration and magnitude are unlikely to have a significant effect on global foo
The report mentions that continuing excess production is pushing the ratio of global stocks, relative to demand, close to the previous high and and price bottoms tend to occur around stock-ratio highs. Historical data suggest
Restaurateur-turned-brewer Vivek Pillai started by making Indian speciality beer using Belgian techniques for the brand name of The Blonde and the Premium Black, which were well received by his customers