Commodities Roundup: June 2013
The big story for agricultural commodities this month was corn prices, plummeting by US $5,500 per contract in the Chicago Mercantile Exchange. The US Department of Agriculture predicts this season’s crop to be 200 million tonnes larger than the last crop, creating a bulk supply and, inevitably, lower prices. In this podcast, Francisco Redruello, Senior Food Analyst at Euromonitor, discusses this story as well as wheat, sugar, cocoa and skimmed milk powder.
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