Tuesday, 1 March 2011
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Wheat, Sugar Set to Drop Next Year as Farmers Boost Output, Australia Says
Global farm prices, including wheat, soybeans and sugar, may drop from next year as farmers boost production after prices soared, according to Australia's government forecaster, potentially cutting record food costs. A global gauge of wheat prices may tumble 19 percent in the year from July as world harvests expand 4 percent to 675 million metric tons, rising faster than demand, the Australian
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