Agricultural commodities prices exploded on Friday, threatening higher global food prices, after the US government forecasters slashed grains production estimates after adverse weather damaged crops worldwide.
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The price movements of up to 12.5 percent were among the worst since the 2007-08 food crisis as traders scrambled for supplies amid warnings of dwindling inventories.
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They followed a warning from the US Department of Agriculture that stocks of corn and barley, the feedstocks of the meat industry, would "fall dramatically" with US corn stocks forecast to hit a 14-year low.
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第三十三篇: 农产品价格大涨
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