The U.S. Department of Agriculture says the price of corn will rise due to the decline of production
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Last Update: 2002-06-13
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Source: Internet
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Author: User
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Introduction: Dow Jones June 12 a senior USDA official said on Wednesday that if production continues to decline, corn prices will rise sharply Keith Collins, chief economist of the U.S Department of agriculture, said that if the world's corn production is interrupted in a large scale, corn prices will rebound sharply Excess corn stocks have fallen by 50% in the past two years Wednesday's USDA production report predicted that the world's corn carry over inventory will reach 103 million tons by the end of 2002-2003, compared with 151 million tons in 2000-2001 The U.S Department of agriculture expects corn prices to rise 15 cents between $1.90 and $2.30 (author:) share to feed Weibo share to:
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