Agra Europe, June 29th, 2001
Soft-commodity prices which have slumped for four years should start to swing in 2002 as grains hold their own and oilseeds make a strong comeback, according to the Economist Intelligence Unit (EIU).
The EIU foresees soft-commodity values bounding ahead by 15.0 % in 2002 after a slight increase this year (1.2%) and declines for the previous four years.
A driving force behind improvement in the grains sector is expected to be the wheat stocks situation, with the market strengthening as consumption continues to outstrip supply and exporters' storehouses empty.
The maize balance is far less ...
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