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Retail Sales in U.S. Unexpectedly Rose in February

Bloomberg
03/12/2010 07:50 AM

quotable

“Policymakers already concerned about the relentless rise in global food inflation are facing more bad news in the shape of soaring soyabean prices. Soyabean prices have risen to their highest level in 34 years, boosted by strong Chinese demand and fears that current prices are not high enough to swing acreage from corn to soyabeans in the US… The price-jump threatens to resonate through the supply chain, boosting meat and poultry prices because soyabean is used largely for animal feed, analysts warned."

Financial Times, November 29, 2007

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