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World cereal production in 2016 is set to reach 2,521 million tonnes, just 0.2 percent off last year's large output and the third-highest global performance on record, said a UN spokesman, citing the first forecast for the new season by the Food and Agriculture Organization (FAO).
"Large inventory levels and relatively sluggish global demand mean that market conditions for staple food grains appear stable for at least another season," said Farhan Haq, the deputy UN spokesman, at a daily news briefing.
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