Commodities Roundup: April 2013
Rising futures was the theme for April, with Chicago wheat futures rising by eight percent due to weak exports from Russia. London Cocoa futures also rose in April, up five percent due to supply concerns from Indonesia, where rain is delaying the ongoing harvest. In a large surge, Fonterra skim milk powder increased by 27 percent. Dry weather in New Zealand is forcing farmers to turn to expensive grain to feed cattle as opposed to grass, driving prices up.
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