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Raw materials: the crisis continues

April 22 category:Economy
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Raw materials: the crisis continues



World grain prices in dollars, base 100 in 2000. Source: FERI

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The prices of wheat, corn and soybeans are in decline worldwide, reaching their lowest levels in a year. A logical situation given? S collapse of oil prices, but that is amplified by d? Other factors. D? First, the banks were forced to sell their commodities to raise cash. D? Other hand, the economic crisis has slowed the consumption of agricultural products. As a result, exports from producing countries seize up. In the US for example, sales of corn abroad? Are almost two times lower than their usual level for several weeks.

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