Maize| Global maize production to drop by 3.4 per cent

Global maize production to drop by 3.4 per cent to 974.9 million metric tons compared to 1008.7 million metric tons last year. Maize prices are expected to recover from multi-year low on lower production estimates in US, European Union, Brazil, Argentina and Ukraine. However, recovery is likely to be gradual and moderate due to higher ending stocks.