World grain prices to remain high with supply tight

Corn industrial use, chiefly for ethanol, will jump almost 20% next year, while corn feed use will stand 3% lower.

The U.S. Department of Agriculture projected earlier this month that corn use for ethanol will account for about 40% of domestic use.

Separately, in a report released on Thursday, the U.S. Food and Agriculture Organization said the world's agricultural commodity prices should ease from their recent record peaks but over the next 10 years, prices will be much higher than the past decade.

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30.05.2008. 13:17