According to it, the price of maize registered the rise of 90 percent while the prices of bean and wheat 51 percent and 71 percent worldwide last year.

The price of maize is expected to rise to 7.25 US dollars per bushel while that of bean to 15 US dollars per bushel in the second quarter of this year.

Meanwhile, the world bean output this year is expected to decrease 7 million tons as compared with last year.